MARKETS

Premier Explosives Jumps 10% on Rs 190 Crore Export Order Win

Premier Explosives
The company said the export order will be completed in two years.

Shares of Premier Explosives Ltd rose 10% to touch a day’s high of Rs 467.75 on 4th August after the company announced that it had bagged a defence order worth Rs 190 crore.

In an exchange filing, the company stated that it had received an export order to manufacture and supply defence explosives to an international client. This order is to be completed within two years.

Last week, it secured an export order worth Rs 22.36 crore to supply rocket motors. These are to be delivered by 31st March, 2026.

Earlier this month, it secured another Rs 105 crore export order for defence explosives, to be delivered within 12 months.

At 3:16 PM, the shares of Premier Explosives were trading 2.98% higher at Rs 439 on NSE.

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