Shares of Premier Explosives Ltd (PEL) rose 1.5% to Rs 596.10 in early trade on Tuesday after the company announced that it has secured an export order worth Rs 16.40 crore for the supply of commercial explosives. The order underscores PEL’s expanding footprint in the global market and marks another milestone in its international business growth.
According to the company’s disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015, the order was awarded by an international client, with delivery scheduled within 12 months. The company clarified that the contract does not involve any related party transaction, and neither the promoter nor the promoter group has any interest in the entity awarding the contract.
This development is likely to boost PEL’s export revenue and reflects growing confidence in its product quality and delivery capabilities. The company’s continued success in securing export contracts aligns with its broader strategy to strengthen global operations across the commercial explosives segment.
As of 9:30 AM, PEL shares were trading in the range of Rs 575.25–Rs 599, with a market capitalization of Rs 31.61 billion and a P/E ratio of 87.31 on the NSE.
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