India’s naval modernisation has boosted demand for indigenous weapon systems and energetic components, and a handful of listed defence names have emerged as reliable suppliers to the Indian Navy.
Below we profile two such companies and explain, using only the details you provided, why they are considered trusted vendors for naval missiles, underwater weapons and explosive fills.
1. Bharat Dynamics Ltd
Bharat Dynamics Ltd is a government-owned defence manufacturer established in 1970 to be the country’s production base for guided missile systems and related equipment; it has grown into a multi-product, multi-location enterprise with in-house design and engineering capabilities.
Its market capitalisation is Rs. 56,410.30 crore and the current market price is Rs. 1,538.90. BDL operates three manufacturing units (two in Telangana — Hyderabad and Bhanur — and one in Visakhapatnam, Andhra Pradesh) and is adding units at Ibrahimpatnam (Telangana) and Amravati (Maharashtra) to scale output and meet armed forces’ needs.
BDL’s product and capability set explains its standing as a trusted naval supplier: it manufactures guided missiles and ship air-defence systems and was recently contracted in January 2025 by the Ministry of Defence to supply Medium-Range Surface-to-Air Missiles (MRSAM) for the Indian Navy, supersonic vertical-launch missile countering diverse aerial threats. That direct supply contract for a ship air-defence missile program is a clear indicator of the Navy’s confidence in BDL’s missile production and systems integration.
Beyond ship air-defence, BDL is capable of supplying and integrating Anti-Submarine Warfare (ASW) suites for naval platforms, capable of being configured with torpedoes, torpedo-defence systems and associated fire-control systems; it also has agreements to co-produce sonobuoys in India, which the Navy uses for submarine detection and ASW tasks. Those ASW-related offerings, from sonobuoy co-production to full ASW suite integration, position BDL as a supplier across multiple layers of naval undersea warfare capability.
BDL’s underwater-weapon product line further cements its role for the Navy: it lists the Varunastra heavy-weight torpedo, an advanced long-range, ship-launched anti-submarine weapon with acoustic homing and multiple-signal tracking features, and the TAL-XP lightweight torpedo for ship or helicopter launch. The combination of torpedoes, ASW suites and life-cycle support/refurbishment capabilities shows BDL supplies both hardware and sustainment solutions that the Navy relies on.
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2. Solar Industries
Solar Industries with a market capitalisation of Rs. 1,27,173.82 crore and a market price of Rs. 14,053.90, ranks among India’s leading producers of bulk and cartridge explosives, detonators, detonating cords, and related components, primarily used in mining, infrastructure, and construction. The company also manufactures high-energy explosives, delivery mechanisms, ammunition fills, and pyrotechnic fuses tailored for defence applications.
Solar’s indigenously developed explosive formulations include SEBEX-2, a high-performance explosive two times more lethal than standard Trinitrotoluene (TNT) that delivers enhanced potency and blast effect, and SITBEX-1, a polymer-bonded thermobaric/sustained-blast fill designed to produce prolonged blast waves and high thermal output suited to defeating enclosed or hardened targets. Those two fills indicate Solar supplies specialist warhead materials that meet the Navy’s performance requirements for specific mission profiles.
Solar Industries has strengthened its credentials as a trusted defence supplier by developing advanced underwater-stable formulations tailored for Indian Navy applications and by supplying fully indigenous 30mm ammunition to the Indian Navy.
These developments underscore the company’s push into specialised, high-reliability ordnance and naval-grade materials, reinforcing its strategic relevance to defence procurement and enhancing its profile among government and institutional customers.
Finally, Solar Group’s role in supplying propellant charges, boosters, rocket components and energetic subsystems used in missile programmes, shows its involvement in booster systems associated with missile and rocket trials.
Supplying these propellant and booster elements, which are integral parts of rocket and missile subsystems, further explains Solar’s place in the naval supply chain for munitions and missile programmes.
Written by Manan Gangwar
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