Shares of Premier Explosives Ltd. gained up to nearly 10% on Monday, August 4, after the company said it bagged a defence order worth ₹190 crore.In an exchange filing, the company said it received the export order to manufacture and supply defence explosives to an international entity.
It is to be completed within two years, the company added.
Last week, Premier Explosives won an export order worth ₹22.36 crore to supply rocket motors to an international client. It is to be delivered by March 31, 2026.Earlier in the month, the company won another export order worth ₹105 crore to manufacture and supply defence explosives to international clients. It has to be delivered within 12 months.
It is to be completed within two years, the company added.
Last week, Premier Explosives won an export order worth ₹22.36 crore to supply rocket motors to an international client. It is to be delivered by March 31, 2026.Earlier in the month, the company won another export order worth ₹105 crore to manufacture and supply defence explosives to international clients. It has to be delivered within 12 months.
Shares of Premier Explosives gained 9.7% to hit an intraday high of ₹467.75 apiece on Monday. The stock later pared its gains and was up 3.6% at ₹441.8 apiece at 1.45 pm. It has declined 23% in the past month.
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