Premier Explosives bags orders worth Rs9.74 crore from Israel Aerospace; stock spurts ~3%

As per the company, the first order is for the manufacturing and supply of Warheads for a total value of USD 537,500 (approx. Rs4.27 crore). The company is expected to deliver these items by May 2023.

The second order received by the company is for the production and supply of Booster Rocket Motors for a total value of USD 688,000 (approx. Rs5.47 crore). The company stated that it has successfully designed and developed Rocket Motors to the satisfaction of the customer.

Premier expects to deliver the second order by March 31, 2023.

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