Pindad signs MoU with Indian Solar Group in Defense Products

Chief Executive Officer of PT Pindad (Persero), Abraham Mose and Executive Director of Economic Explosives Limited, AK Jain (a subsidiary of Solar Industries India Limited, India's largest explosives and accessories company and manufacturer of Defense products), signed an Memorandum of Understanding (MOU) in the field of Defense products called multi-mode hand grenades. The signing of the MoU was held online via video conference from Jakarta, Indonesia and Nagpur, India.

The signing was witnessed by the Chairman of Solar Industries India Limited, Satyanarayan Nandlal Nuwal, Managing Director & CEO, Manish Nuwal, Chief Business of Industrial Products Officer, Heri Heriswan, Chief Business Strategy Officer, Rizka Putranto and GM Mining Services, Tatang Sugiana.

Abraham Mose welcomes the cooperation on defense products and hopes that it will be implemented as soon as possible.

"Today we will sign agreement, the signing of cooperation between Pindad and India, MOU for Hand grenades. It is important to sign this MOU, we hope to make it happen as soon as possible because this is very necessary to run our business, "said Abraham.

SN Nuwal appreciated Pindad's quick steps to realize cooperation even in the midst of the Covid-19 pandemic.

"Finally, we can realize the agreement and sign the agreement in the midst of the difficult situation of the Covid-19 pandemic. This signing is a stepping stone as a first step to open a great relationship for the two companies. Hopefully this good relationship will continue. Pindad and Solar have a lot of the same ideas regarding understanding in business in the future, "said SN Nuwal.

"Indonesia and India have a good relationship that has existed for a long time, hopefully in the future there will be many opportunities that will come along with the progress of this relationship," said Manish Nuwal.

Hopefully with the signing of this MOU, Pindad and its strategic partners, Solar Group can establish a long-lasting and mutually beneficial cooperation for both parties.

PT Pindad (Persero):

PT Pindad as a state-owned limited liability company was formed in 1983. Pindad actively produces various defense equipment for the needs of the TNI, Polri and has also exported a number of its superior products such as ammunition, weapons and combat vehicles to the global market. Apart from producing defense equipment, PT Pindad also has an Industrial Directorate which produces heavy equipment such as excavators, tractors, marine cranes and railroad hooks, traction motors to generators.

For further information, please contact:

Plt. Corporate Secretary, Krisna Cahyadianus

E-mail: krisna@pindad.com

Economic Explosives Limited, a company established and existing under the laws of India is a subsidiary of Solar Industries India Limited. Economic Explosives Limited is a registered company in India engaged in the business of manufacturing Industrial explosives, Initiating systems and Ammunitions and has competency and experience in manufacture of Propellants, warheads, hand grenades etc.

For further information, please contact:

Plt. Executive Director, A K Jain

E-mail: akjain@solargroup.com