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 21.75 million (approximately INR 190.07 Crore) from an international entity for the manufacture and supply of defence explosives. The order is to be executed and delivered within a 2-year period. The buyer is an international (non-domestic) entity, and no promoter or promoter group company has any interest in the awarding entity. The transaction is not a related party transaction.
This is a sizeable export order that strengthens the company's order book and provides foreign exchange earnings visibility over the next two years. It signals continued demand for the company's defence explosives in international markets and could be positive for revenue and margin outlook.