Premier Explosives bags Rs104.84 crore order from Singareni Collieries; Stock soars 1%

9 May 2022 , 10:31 AM

Premier Explosives Ltd stocks rally as the company announced the receipt of orders of Rs104.84 crore.

As per the regulatory filing, the company has received an order on May 05, 2022, worth Rs104.84 crore (excluding GST) from Singareni Collieries Company Limited (A Government Company) for supply of SME explosives, LDC Explosives and Accessories for blasting in OB removal at Open Cast Projects of SCCL for a period of 2 years.

At around 10:32 AM, Premier Explosives was trading at Rs344.90 apiece up by Rs4.2 or 1.23% from its previous closing of Rs340.70 apiece on the BSE.

The scrip opened at Rs332.10 per piece today.