Solar Industries arm to acquire South Africa’s Omnia Holdings for ₹12,951 crore

Solar Industries' subsidiary to acquire South Africa's Omnia Holdings for ₹12,951 crore ($1.355 billion) in cash.

Acquisition aims to expand global commercial explosives and blasting solutions platform, expected to close in early to mid-2027.

Omnia Holdings' turnover: $1.41 billion (2025-26), $1.25 billion (2024-25), $1.18 billion (2023-24).

Solar Industries' Q1 net profit jumps 92.7% to ₹652.6 crore, revenue increases 71.2% to ₹3,688.2 crore.