Premier Explosives Limited announced the receipt of a significant order worth Rs 26.40 crore from BrahMos Aerospace Private Limited. The order is for the supply of propellant casting and assembly of boosters, which will be delivered over a two-year period, concluding by March 31, 2027. This contract highlights the company’s role in supporting India’s defense capabilities, specifically in advanced missile technology.
The propellant casting and booster assembly for BrahMos are crucial for enhancing propulsion efficiency in missile systems. This order adds to Premier Explosives’ expanding portfolio in strategic defense projects.
As per the official statement, the order was awarded by a domestic entity under non-related party terms, ensuring a standard arms-length transaction. The company aims to maintain its focus on high-priority defense contracts, fostering long-term growth in this sector.
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 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.
