Premier Explosives disclosed the figure in its Business Responsibility and Sustainability Report for the financial year ended March 31, 2026, filed with the BSE and NSE on September 3. Commercial and bulk explosives contributed the remaining 18.78% of turnover, while exports represented 13.31% of revenue.
The agreement was exchanged in New Delhi on September 3, 2026, during the India-Belgium Defence CEOs Roundtable. The Ministry of Defence officially listed DGVK Enterprises and Sol1 BV among a series of Indian-Belgian industrial partnerships covering unmanned systems, ammunition, rockets, electro-optics and naval technologies.
The two companies exchanged an agreement in New Delhi on September 3, 2026, during the India-Belgium Defence CEOs Roundtable and B2B meetings held alongside Belgian Prime Minister Bart De Wever’s visit to India. The Ministry of Defence listed the India Optel–OIP pact among several industrial agreements intended to combine Belgian defence technology with Indian manufacturing capacity.
A fresh agreement involving Larsen & Toubro, Exail Robotics SAS of France and Exail Robotics in Belgium was exchanged in New Delhi on September 3, 2026, during the India-Belgium Defence CEOs Roundtable. The development follows an earlier strategic collaboration under which L&T and Exail are preparing an advanced Unmanned Mine Countermeasures suite for the Indian Navy’s planned Mine Counter Measure Vessel programme.
Kalyani Strategic Systems Limited, or KSSL, is the wholly owned defence subsidiary of Bharat Forge and now leads the Kalyani Group’s defence business. FN Herstal is part of Belgium’s FN Browning Group and brings more than 135 years of experience in small arms and integrated weapon systems.
During the visit, Larsen & Toubro and John Cockerill Defense were reported to have concluded an agreement connected with the supply of turrets for the Zorawar programme. L&T is the principal industry partner working with the Defence Research and Development Organisation on the Indian Light Tank.
BEL Chairman and Managing Director Manoj Jain presented the cheque, covering interim and final dividend attributable to the government’s equity holding, during the annual performance review of Defence Public Sector Undertakings chaired by Defence Minister Rajnath Singh in New Delhi on September 1, 2026. BEL subsequently announced the development on September 2.
KSSL, the wholly owned defence subsidiary of Bharat Forge, and Thales signed the Strategic Alliance Agreement in New Delhi on September 3, 2026, during the high-level Belgian visit to India. The arrangement creates a framework for technology transfer, local production and distribution of 2.75-inch, or 70-mm, rocket systems and associated equipment.
BDL currently lists four manufacturing units: Hyderabad, Bhanur and Ibrahimpatnam in Telangana, and Visakhapatnam in Andhra Pradesh. It is also developing additional facilities at Amravati in Maharashtra and Jhansi in the Uttar Pradesh Defence Industrial Corridor.
Under the Ministry of Defence’s Innovations for Defence Excellence, or iDEX, programme, Siliconia was chosen to develop a lightweight communication system based on an Application-Specific Integrated Circuit, or ASIC, combined with a software-defined antenna.
