The scope of work includes providing operation and maintenance services. "The order is subject to price escalation from second year onwards," the company said in a press note on Wednesday.
"The company has executed a similar order for 11 years, and this is a new order for another ten years received after completion of a tender process," the company added.
Premier Explosives Ltd's share price is currently at Rs261.10, up by Rs4 or 1.56%, from its previous close of Rs257.10 on the BSE. The scrip opened at Rs258 and has touched a high and low of Rs269.50 and Rs254, respectively. So far, 1,05,307 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs273.48cr.