explosion
Amid global conflicts, explosives manufacturing companies in Nagpur have become prosperous. In 3 months, companies have sold explosives worth Rs 900 crore. At the same time, a big order worth Rs 3,000 crore has been received. According to the news published in Times of India, buyers of explosives companies of Nagpur include not only countries like Russia, Ukraine but Bulgaria, Spain, Germany, South Africa, Vietnam, Poland, Brazil and even Saudi Arabia. The most sought-after ammunition includes 155 mm caliber shells fired from howitzers and 40 mm shoulder-fired rockets. In the last three months, the market in Nagpur, informally known as the explosives capital of India, has shipped shells, rockets and other bombs worth Rs 900 crore. At the same time, an order worth Rs 3,000 crore has also been received for raw explosive powder. Bombs and grenades have emerged as a new category in the list of exports from Nagpur. According to reports, bombs worth Rs 770 crore have been exported from Nagpur alone from April to June. Figures for the next quarter have yet to be included.
Which companies are getting orders?
From listed companies and mid-sized subsidiaries to new defense public sector undertakings, orders are pouring in. Buyers from other countries are issuing end use certificates and on the basis of these, Indian manufacturers are obtaining government licenses to sell. Top arms industry sources said there are restrictions on exports to some countries due to geopolitical equations. Since countries are issuing end use certificates, it means that these weapons are for their own consumption. Officially, the Indian military industry is not profiting from war, the manufacturers said here.
This demand will increase further in the future
According to the companies, apart from ammunition like shells and rockets, high energy raw-materials are also in great demand globally. Nagpur companies, including public sector undertakings (PSUs) like Yantra India Limited (YIL) and Munitions India Limited (MIL), are fulfilling these huge export orders. Defense experts say that this demand will increase further in the coming times. Seeing the way the global situation is developing, countries around the world are buying weapons to strengthen their security.
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