Premier Explosives Ltd Share Price Prem. Explosives

116.65

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116.05

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Chairman & Managing Director A N Gupta
Deputy Managing Director T V Chowdary
Director Kailash Gupta
Independent Director AnilKumar Mehta
Independent Director P R Tripathi
Independent Director A Venkataraman
Independent Director K Rama Rao
Company Secretary K Vijayashree
Independent Director P R Kumar

Promoted by A N Gupta and S V Kannan, both of whom have more than 20 years of experience in the industry, Premier Explosives (PE), located in a mining area (close to Singareni Collieries), enjoys the benefit of being close to the end-users.Premier Explosives, which started operations in 1980, intially manufactured small/large diameter explosives, bulk explosives (or SME) and detonators. It has diversified into the manufacture of detonating fuses (4 mtpa) and penta erythritol tetra nitrate (PETN: 100 tpa). Commercial production began in Sep.93.Premier Explosives also manufactures site-mixed slurry (SMS), bulk explosives and detonators with an installed capacity of 11,000 tpa and 32 mln pa respectively. The plants for PETN and detonating fuses went on stream in 1994-95. The company, which started out as an ancillary unit to Singareni Collieries, now also supplies to Coal India and Neyveli Lignite. The company had set up plants for bulk explosives in Madhya Pradesh and Maharashtra. It has also diversifed into the production of white button mushrooms, which have export potential. It is availing of tax advantage by setting up a 100% EOU in Medak, Andhra Pradesh (inst. cap. : 3000 tpa). It acquired land and entered into an agreement with Tray Master, UK, for technical know-how and critical equipment. A marketing agreement has been entered into with Metro Trade, US, to market 70% of its production. The other 30% will be marketed directly. The Company has started a division at Singrauli for manufacture of SMS explosives. The Company has also entered into the area of Rock Blasting & Drilling contracts.The Companys IT venture was launched through the vertical portal Chemnetindia.comThe companys explosives,detonators and detonating divisions have been accredited ISO 9002 Certification.

REGISTERED OFFICE

Premier House 11 Ishaq Colony,
Near AOC Centre,Secunderabad,
Andhra Pradesh-500015

Tell. : +91-40-66146801-5
Website : http://www.pelgel.com
Email : investors@pelgel.com

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Karvy Selenium Tow-B,
Nanakramguda,Hyderabad-500032
INDIA

Tell. : +91-40-67161500
Website : www.karvyfintech.com
Email : einward.ris@karvy.com

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