Premier Explosives shares in focus after winning Rs 105 crore export order for defence explosives
Shares of Premier Explosives Ltd were in focus on July 16 after the company announced securing an export order worth approximately ₹105 crore (USD 12.24 million) for manufacturing and supplying defence explosives to an international client.
In a regulatory filing with the NSE and BSE, the company stated that the order involves the manufacture and supply of defence explosives, to be executed within a period of 12 months. This order is entirely international, and no related-party interest exists, according to the disclosure.
This significant order highlights the company's strong foothold in the global defence explosives market and reinforces its manufacturing capabilities.
Premier Explosives, headquartered in Secunderabad, is a key player in the production of solid propellants, high-energy materials, and explosives catering to defence and space sectors.
Investor sentiment turned positive on the back of this export win, as the order size represents a substantial addition to the company's order book.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. The author or Business Upturn is not liable for any losses arising from the use of this information.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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