Shares of Premier Explosives Ltd. saw a 4% drop following a recent order from the Telangana Pollution Control Board (TPCD) to halt all industrial activities at its Katepally Village factory in Motakondur Mandal, Yadadri-Bhuvanagiri District, Telangana. The closure order, dated May 7, 2025, comes in the aftermath of a significant accident at the facility on April 29, 2025.
The company has acknowledged the closure order and confirmed that it is actively working with the TPCD to resolve the matter and regain its consent to operate as quickly as possible. Premier Explosives emphasized that it is committed to complying with all necessary environmental and safety regulations to ensure the safe functioning of its facilities.
While the factory shutdown has temporarily impacted operations, the company remains focused on addressing the concerns raised by the TPCD and taking all required measures to prevent future incidents.
Premier Explosives Ltd. opened at ₹446.00 today, with a high of ₹447.00 and a low of ₹425.00. The stock has experienced significant volatility, with its 52-week high reaching ₹908.80 and a low of ₹309.15. As of 9:49 AM, the shares were trading 4.71% higher at Rs 430.25.
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