Premier Explosives bags order of Rs3.45 crore; Stock soars near 2%

1 Dec 2022 , 09:18 AM

Premier Explosives Limited has received an order from Vikram Sarabhai Space Centre (VSSC) for production and supply of three sets of PSOM-XL Motors (HS, MS & NS) for their PSLV launch vehicle for a total value of Rs3.45 crore.

In a regulatory filing, the company said that this is a repeat order to be executed at the Solid Propellant Plant located at Katepally. The Company has already executed four PSOM-XL motors.

The order is to be executed within a period of 8 months, it further added.

At around 9:18 AM, Premier Explosives Ltd is currently trading at Rs436 per share up by Rs8.1 or 1.89% from its previous closing of Rs427.90 per share on the BSE.

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