Premier Explosives Ltd on Wednesday (March 12) said it has received an export order worth ₹21.45 crore for the supply of defence explosives to international clients.”This is to inform you that our Company, Premier Explosives Limited, has received an export order for ₹21.45 crores for the supply of Defence Explosives to be delivered within a period of 5 months,” according to a stock exchange filing.
The contract is set to be executed within a period of five months. The order involves the supply of defence-grade explosives.
Also Read: Premier Explosives signs MoU with Global Munition to form joint venture in defence and aerospaceIn January this year, a fire occurred at Premier Explosives’ Telangana factory. The fire caused damage to the building and equipment in one of the pyro technique manufacturing facilities. The incident resulted in the loss of one life and severe injuries to another person, who has been transferred to a hospital in Hyderabad for treatment.
The contract is set to be executed within a period of five months. The order involves the supply of defence-grade explosives.
Also Read: Premier Explosives signs MoU with Global Munition to form joint venture in defence and aerospaceIn January this year, a fire occurred at Premier Explosives’ Telangana factory. The fire caused damage to the building and equipment in one of the pyro technique manufacturing facilities. The incident resulted in the loss of one life and severe injuries to another person, who has been transferred to a hospital in Hyderabad for treatment.
The exact cause of the fire is currently under investigation, and the company said that it is fully cooperating with the concerned authorities. The damaged assets were fully insured, and the company is in the process of determining the actual loss caused by the fire. The company is taking steps to ensure normal operations at the plant are resumed as soon as possible.
Shares of Premier Explosives Ltd ended at ₹320.00, down by ₹7.50, or 2.29%, on the BSE.
Also Read: Stock Split: Premier Explosives to split one equity share into five, approves ₹400 crore fund raise
