February 12, 2025 – Premier Explosives Limited has achieved a significant milestone by securing an export order worth Rs. 20.36 crores for the design and development of rocket motors. This contract underscores the company’s growing expertise in high-end defense and aerospace manufacturing for international markets.
Key Highlights of the Export Order
1. Order Details
Premier Explosives Limited will be responsible for designing and developing rocket motors tailored to the specifications of international clients. This contract further solidifies the company’s position as a leading player in the defense sector.
2. Financial Impact
The Rs. 20.36 crore order represents a substantial boost to the company’s revenue and reinforces its commitment to global defense collaborations.
3. Execution Timeline
The contract will be executed over a period of two years, ensuring quality production and timely delivery in alignment with client requirements.
4. International Clientele
This order originates from international clients, expanding Premier Explosives’ footprint in the global defense market and strengthening its export portfolio.
5. Regulatory Compliance
Premier Explosives Limited has made this announcement in adherence to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has disclosed all relevant details in accordance with regulatory requirements.
6. No Related-Party Transactions
The company has confirmed that the promoter group holds no interest in the entity that awarded this order, ensuring transparency in the transaction.
Strategic Significance
This latest export contract reinforces Premier Explosives Limited’s capabilities in defense manufacturing and reflects its growing prominence in the global market. The successful execution of this project is expected to further strengthen its reputation and pave the way for future international collaborations.
