Premier Explosives Ltd. (PEL) saw a 3% jump in its stock price after securing a significant export order worth ₹21.45 crores. The order, for the supply of high-quality defence explosives to an international client, highlights the company’s growing global presence in the defence sector.
This latest contract reinforces Premier Explosives’ expertise in manufacturing and delivering advanced defence solutions. The company has consistently demonstrated its capability in providing high-performance explosives for military applications. With a commitment to operational excellence, PEL aims to complete the order within five months.
In the exchange filing, the company shared, “This is to inform you that our Company, Premier Explosives Limited has received an export order for Rs. 21.45 crores for supply of Defence Explosives to be delivered within a period of 5 months.”
Premier Explosives’ stock opened at ₹328.45, reaching a high of ₹343.00 and a low of ₹324.25 during the session. The stock has seen a significant range over the past year, with a 52-week high of ₹908.80 and a low of ₹264.01.
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