| Explosives | Manufacture and sale of industrial explosives, detonating fuses, and related blasting accessories. | Technological expertise, indigenous product development, and strong customer relationships. | B2B customers including major mining and steel companies in India and select export markets. | Specialty emulsion explosives and detonating fuses. | 409 | 84 | Sales of explosives and blasting products primarily to mining and steel industries. | Direct sales with negotiated pricing based on volume and customer contracts. | Mining sector demand, product innovation, and export order growth. | |
| Perlite | Production and sale of perlite and perlite-based products for filtration, horticulture, and construction applications. | Comprehensive perlite processing systems and consulting expertise. | B2B customers in horticulture, construction, refractory, and foundry industries. | Filter aid perlite and specialized horticulture products. | 53 | 11 | Sales of perlite products, equipment, and consulting services. | Direct sales and project-based consulting fees. | Growing filter-aid markets and expanded industrial use of perlite. | |
