Shares of Premier Explosives Ltd were in focus on July 16 after the company announced securing an export order worth approximately ₹105 crore (USD 12.24 million) for manufacturing and supplying defence explosives to an international client.
In a regulatory filing with the NSE and BSE, the company stated that the order involves the manufacture and supply of defence explosives, to be executed within a period of 12 months. This order is entirely international, and no related-party interest exists, according to the disclosure.
This significant order highlights the company’s strong foothold in the global defence explosives market and reinforces its manufacturing capabilities.
Premier Explosives, headquartered in Secunderabad, is a key player in the production of solid propellants, high-energy materials, and explosives catering to defence and space sectors.
Investor sentiment turned positive on the back of this export win, as the order size represents a substantial addition to the company’s order book.
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