Premier Explosives Secures ₹105 Crore International Defence Order! 🚀

Big news from the defence sector! Premier Explosives Limited (PREMEXPLN) has just announced a major win, securing a substantial international export order.

The company will be manufacturing and supplying defence explosives to an international client. This significant contract is valued at a whopping USD 12.24 million, which translates to approximately ₹105 Crore! 💰

This isn’t just any order; it’s a testament to Premier Explosives’ capabilities on the global stage. The company is set to deliver these crucial defence materials within a 12-month timeframe, showcasing its operational efficiency and commitment.

For investors and market watchers, this order is a strong indicator of the company’s growing international presence and robust order book. It highlights Premier Explosives’ expertise in a specialized and critical sector. At the time of this announcement, PREMEXPLN’s stock was trading at ₹553.5, marking a positive jump of 3.7%.

This new contract is definitely a positive development, reinforcing the company’s position in the defence manufacturing landscape. Keep an eye on PREMEXPLN as they continue to expand their global footprint! ✨

source: Corporate Announcement

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