Premier Explosives strikes new 52-week high on bagging Rs100.40 crore order

29 Apr 2022 , 12:17 PM

Premier Explosives’ counter jumped to a new 52-week high of Rs413.95 so far in today’s trade as the company informed investors of the new order received by it.

The company stated that it has signed a contract with an overseas entity for the supply of Rocket Motors (Items Sh-522 intended for R-22 aviation guided missiles with Igniter V-287) for a total value of USD 13.13 Million (Rs100.40 crore approx).

The company is expected to deliver the ordered items within eighteen months.

At around 12.16 PM, Premier Explosives was trading at Rs413.95 against its previous close of Rs394.25.