Economic Explosives Ltd. is a wholly-owned subsidiary of Solar Industries India Ltd., which is a leading global manufacturer of industrial explosives.

Benchmark indices had their best single-day gain since April 5, with the Nifty 50 ending over 100 points higher and also closed near a key resistance level of 17,750.

Share Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty 50 ended near day's high as the market moved higher in the last hour on the first trading day of the week. Gains in financial shares led the headline indices higher, while healthcare shares traded in the red. Investors await more of financial results from India Inc for domestic cues, with Persistent Systems due to post its earnings later in the day. IndusInd Bank reported its quarterly numbers on Monday.

The company will also launch operations at three different locations in New Delhi including Netaji Subhash Place (NSP), Rajendra Place, & Connaught Place, it added.