Premier Explosives Limited has informed the Exchange about Bagging/Receiving of orders/contracts
PREMEXPLN · price
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Premier Explosives Limited has bagged an export order valued at USD 12.24 million (approximately INR 105 Crore) for the manufacture and supply of Defence Explosives. The order has been placed by an international client and is to be delivered within a 12-month period. The order is not a related party transaction and promoters have no interest in the awarding entity. The company will need to share further disclosures as required under SEBI Listing Regulations.
This is a significant export win in the defence segment and provides strong revenue visibility for the next 12 months. The hard-currency (USD) order also shields margins from rupee fluctuations and signals strengthening international demand for the company's defence products, which should be viewed positively by shareholders.