- 02 May 2022
- ICICI Securities
Premier Explosives bags contract
PREMEXPLN - 314 Change: -14.75 (-4.49 %)News: Premier Explosives has signed a contract with an overseas entity for supply of Rocket Motors. The order value is ~Rs 100.40 crore. Ordered items are expected to be delivered within 18 months.
Views: With this order inflow the total order inflow for CY22 is at nearly Rs 270 crore, with order book at nearly Rs 402 crore on December 2021. The company offers a play in explosive products, propellants and pyros. The government emphasising on Make in India and indigenisation of defence products will help the company to receive more such orders.
Impact: Positive