Premier Explosives shares jumped more than 4% on morning trade after the company signed MoU with Astra Microwave Products to jointly develop and sell several products, clearing the way for strategic collaboration in defense and aerospace technology.
Premier Explosives focuses on the manufacture and selling of high-energy materials. PEL manufactures bulk explosives, packaged explosives and initiating systems for use in the mining, infrastructure and construction sectors. The company has also expanded into the manufacturing of strap-on motors for satellite launch vehicles and propellants for rockets and missiles.
As of 9:42 am, Premier Explosives shares were trading 4.13% higher at Rs 585.90 on the NSE.
