Premier Explosives up 4.5% on bagging Rs 1.4 bln Coal India order

The order is to be executed between Nov 1, 2017 and Oct 31, 2019.

Nov 01, 2017 08:11 IST India Infoline News Service

Premier Explosives was up 4.5% at around 2 PM today after the company bagged a Rs 1.4 billion order from Coal India. The order includes supply of bulk explosives, and it is to be executed between Nov 1, 2017 and Oct 31, 2019. 

Premier Explosives Ltd is currently trading at Rs 449.95, up by Rs 22.25 or 5.2% from its previous closing of Rs 427.7 on the BSE.
The scrip opened at Rs 434.95 and has touched a high and low of Rs 456.45 and Rs 432 respectively. So far 91215(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 454.95 crore.

Premier Explosives is a leading manufacturer of commercial explosives and the only private entity manufacturing solid propellants for Indian missiles. Its revenue comprises of explosives (69%), defence (21%), services (9%) and wind power (1%) in FY17.

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