Premier Explosives Limited has informed the Exchange about Bagging/Receiving of orders/contracts

Order Above 5pct RevenueExport Order Hard CurrencyBusiness Updates View source PDF

PREMEXPLN · price

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+8.3%1-day move

₹495.00

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₹541.40

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AI summary

Premier Explosives Limited has received a major export order worth INR 350.23 crores for supply of Defence Products to an international client. The order will be executed over a period of 2 years. This is a significant win for the company as it represents a large export contract in the defence segment. The order is not from any related party or promoter group entity, and was disclosed under SEBI listing regulations. The company has not disclosed the name of the international buyer.

Likely market impact

This order represents a substantial export contract that could significantly boost the company's revenue over the next 2 years. Given the size of the order (approximately INR 175 crore per year), it likely exceeds 5% of the company's annual revenue, which is positive for shareholders. Export revenue in hard currency also strengthens the company's foreign exchange position.