Premier Explosives Secures Massive Defence Order Boost! 🚀

Hey there, investors! Let’s dive into some exciting news from the defence sector. Premier Explosives Limited (PREMEXPLN) just dropped an update that’s sure to catch your eye.

The company announced a substantial amendment to an existing purchase order from an international client for the manufacture and supply of defence products. And when we say substantial, we mean it!

Initially valued at USD 762,860.08 (which was about Rs. 6.62 crores), this order has now been significantly boosted to a whopping USD 2,133,750 – that’s approximately Rs. 18.29 crores! 📈 This marks a massive increase, more than tripling the original order value.

This enhanced order, focusing on critical defence products, is set to be delivered within a brisk six-month period. For Premier Explosives, this isn’t just an order; it’s a strong testament to their capabilities and a significant revenue boost coming down the pipeline. It further solidifies their position in the growing global defence manufacturing landscape.

At the time of this announcement, PREMEXPLN shares were trading around Rs. 563.95, showing a slight uptick of 0.5%. This kind of positive news often brings a fresh wave of interest to a company, especially one operating in a strategic sector like defence.

Keep an eye on Premier Explosives as they continue to expand their footprint in the defence industry. This order amendment is definitely a development worth noting for anyone following the company or the sector! ✨

source: Corporate Announcement

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