Latest news with #PremierExplosivesLimited
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Business Standard
04-08-2025
- Business
- Business Standard
Premier Explosives shares jump 10% on bagging ₹190-crore export order
Premier Explosives share price jumped 9.6 per cent in trade, logging an intra-day high at ₹468.05 per share on BSE after bagging an order Premier Explosives shares jumped 9.6 per cent in trade on Monday, August 4, 2025, logging an intra-day high at ₹468.05 per share on BSE. At 12:13 PM, Premier Explosives share price was up 4.24 per cent at ₹445.05 per share. In comparison, BSE Sensex was 0.39 per cent higher at 80,914.55. Why were Premier Explosives shares buzzing in trade? The buying on the counter came after the company received an export order from an international entity for a total consideration of ₹190.07 crore ($21,750,000). Under the contract, the company will manufacture and supply defence explosives, to be delivered within a period of two years. "This is to inform you that our Company, Premier Explosives Limited, has received an export order for a total consideration of $21,750,000 i.e. approx. ₹190.07 crore, for manufacture and supply of Defence Explosives, to be delivered within a period of 2 years," the filing read. The order was awarded by an international client and will be executed over the next 12 months, according to the exchange filing. The company clarified that neither its promoters nor promoter group companies have any interest in the awarding entity. The name of the international client remains undisclosed. Premier Explosives Q4 results The company reported a 44.3 per cent year-on-year decline in standalone net profit to ₹3.7 crore for the quarter ended March 2025, as revenue fell 14.6 per cent to ₹74.08 crore compared to the same period last year. On a sequential basis, the company's net profit plunged 59.7 per cent, while revenue dropped 55.3 per cent over the December 2024 quarter. About Premier Explosives Premier Explosives is engaged in the manufacturing of industrial explosives and detonators for mining, infrastructure, industries, defence and space. It also undertakes operation and maintenance (O&M) services of solid propellant plants at the Sriharikota Centre of ISRO and the Solid Fuel Complex at Jagdalpur under the umbrella of DRDO. The company is a supplier to major missile programs such as Akash, Astra, LRSAM, and others. It produces critical defence components like pyrogen igniters, explosive bolts, and other ammunition products. The company also manufactures bulk and packaged explosives, detonators, and accessories for mining and infrastructure projects.
Business Upturn
04-08-2025
- Business
- Business Upturn
Premier Explosives shares surge 10% as company bags Rs 190 crore from an international entity
Premier Explosives Limited shares surged 10% sharply on Monday after the company announced a significant export order worth USD 21.75 million (approximately ₹190.07 crore) for the manufacture and supply of defence explosives. The stock jumped 10%, hitting an intraday high of ₹467.75, after opening at ₹424.95—a steep rise from its previous close of ₹426.30. In its regulatory filing, the company clarified that this order does not involve any related party transactions, and the promoters have no stake in the awarding entity. This marks a significant boost to Premier Explosives' export portfolio and strengthens its position in the global defence manufacturing space. The order is to be executed over a period of two years. The order also underscores India's growing defence exports and Premier Explosives' role in supporting strategic supply chains across international markets. 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. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
10-07-2025
- Business
- Business Upturn
Premier Explosives' international defence order value triples to Rs 18.29 crore
By Aman Shukla Published on July 10, 2025, 10:56 IST Premier Explosives Limited has announced a significant revision in a defence order from an international client. The total value of the purchase order has been increased from USD 762,860.08 (approx. ₹6.62 crore) to USD 2,133,750 (approx. ₹18.29 crore). This order pertains to the manufacture and supply of defence products and is scheduled for completion within six months. The company confirmed that the awarding entity is an international organization and that none of the promoters or group companies have any interest in it. This update was shared as part of a regulatory filing in continuation of the earlier intimation made on June 19, 2025, along with disclosures as required under the SEBI circular dated November 11, 2024. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
The Hindu
01-05-2025
- The Hindu
Procedural lapse suspected in Yadadri propellant unit blast, PESO launches probe
A suspected lapse in standard operating procedures may have triggered the deadly explosion at Premier Explosives Limited in Katepalli village, Yadadri Bhuvanagiri district, on Tuesday evening, senior officials from the Telangana Factories Department said. The blast killed three workers and left at least six others injured, five of whom remain in critical condition. The incident was reported on Tuesday evening in the propellant mixing unit of the facility when two powerful propellants, including hydroxyl-terminated polybutadiene (HTPB) and dioctyl Adipate (DOA), were being mixed. The force of the blast brought down the entire structure, reducing it to rubble within minutes. 'Even slight deviations in operating protocols such as the quantity of propellant used, the mixing method, or environmental factors — can result in an explosion like this,' a senior official from the Factories Department told The Hindu. Preliminary inspections revealed no structural deficiencies in the plant. 'The facility undergoes regular checks for physical infrastructure issues. This incident appears to have stemmed purely from procedural errors during operations. A detailed probe will be conducted by the Petroleum and Explosives Safety Organisation (PESO),' the official added. Officials from PESO, based in Pune, the Telangana State Forensic Science Laboratory, the Department of Labour, and other agencies have since inspected the blast site and initiated detailed investigation. The condition of five injured workers remains critical as they are undergoing treatment in Yashoda Hospital in Hyderabad. As per the information shared by the hospital, Srikanth Barla, 35, Srikanth Rajaboina, 32 and Mahesh Yadav Nalla, 27 with 80%, 75% and 30% thermal burns respectively are on ventilator support, Lingaswamy Bugga, 30, with 25% burns and other injuries is under observation in the Intensive Care Unit (ICU) and Mahesh Salendra, 21, with soft injury is in the general ward. Meanwhile, routine operations have resumed in other units of the facility, which remain unaffected by the blast. Premier Explosives Ltd. has long been engaged in the manufacture of explosives for both commercial purposes and strategic clients, including the Defence Research and Development Organisation (DRDO). According to the company's official website, it supplies solid propellants for some high-profile missile systems such as Akash, Astra, and LRSAM, developed by the DRDO.
Business Upturn
30-04-2025
- Business
- Business Upturn
Premier Explosives shares drop 12% after fatal blast at Telangana facility
By Aman Shukla Published on April 30, 2025, 11:30 IST Shares of Premier Explosives Limited declined by over 12% on Wednesday following a fire and explosion at the company's manufacturing unit in Telangana. As of 11:29 AM, the shares were trading 12.11% lower at Rs 410.70. The incident occurred around 4:55 PM on April 29, 2025, at the propellant mixing building in the Katepally Village facility, located in Motakondur Mandal, Yadadri-Bhongir District. The explosion resulted in the deaths of three workers and injuries to six others, who were immediately transported to a nearby hospital for treatment. In an official filing, Premier Explosives expressed regret over the loss of lives and stated that emergency response measures were initiated under the direct supervision of the company's Directors and senior management. The quick action reportedly helped limit the extent of damage to other areas of the facility. The cause of the explosion is under investigation. The company has assured full cooperation with regulatory and law enforcement authorities to assist in the inquiry. Premier Explosives also confirmed that the damaged building and machinery are covered under insurance policies, and efforts are underway to evaluate the total financial impact. 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. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
