Premier Explosives bags contract

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