CMP as on 01-Dec-22 15:29₹ 437.95
Turnover (lac)₹ 54
Prev. Close₹ 428.75
Day's Vol (shares)₹ 12,351
Day's Range (₹)
CMP as on01-Dec-22 15:28₹ 436.00
Turnover (lac)₹ 2
Prev. Close₹ 427.90
Day's Vol (shares)₹ 300
This is a repeat order to be executed at the Solid Propellant Plant located at Katepally.
As per the company, the first order is for the manufacturing and supply of Warheads for a total value of USD 537,500.
The company signed a contract with an Overseas Entity for supply of Rocket Motors.
The production of these items will be done from its facility at Katepally.
The order is for supply of SME explosives, LDC Explosives and Accessories for blasting in OB removal at Open Cast Projects of SCCL.
The company is expected to deliver the ordered items within eighteen months.
ICRA has assigned the long-term rating as ICRA BBB+/Stable.
Premier Explosives is expected to deliver such products within a period of twelve months from the effective date of the contract.
This new license will enable the Company a substantial saving on transportation cost.
The orders involve the supply of Primary Explosives Plant and fabrication and supply of R-III rocket motors.