55x returns in 5 years: This largecap defence company turned Rs 18-crore Skyroot bet into nearly Rs 1,000 crore- Moneycontrol.com

•Solar Industries invested Rs 18 crore in Skyroot Aerospace in 2021, a young Hyderabad-based startup trying to build rockets.

•The investment could be worth Rs 1,000 crore, a 55x return, as Skyroot's valuation is expected to rise further.

•Solar Industries diversified into space tech by backing Skyroot, a private space company, as part of its broader strategy.

•The company's stake in Skyroot could be worth over Rs 1,000 crore, validating its decision to look beyond its traditional business.