Premier Explosives Limited shares surged 10% sharply on Monday after the company announced a significant export order worth USD 21.75 million (approximately ₹190.07 crore) for the manufacture and supply of defence explosives. The stock jumped 10%, hitting an intraday high of ₹467.75, after opening at ₹424.95—a steep rise from its previous close of ₹426.30.
In its regulatory filing, the company clarified that this order does not involve any related party transactions, and the promoters have no stake in the awarding entity. This marks a significant boost to Premier Explosives’ export portfolio and strengthens its position in the global defence manufacturing space. The order is to be executed over a period of two years.
The order also underscores India’s growing defence exports and Premier Explosives’ role in supporting strategic supply chains across international markets.
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