Premier Explosives moves higher on bagging order worth around Rs 105 crore

The order is to be executed within 12 months

Premier Explosives is currently trading at Rs 547.70, up by 14.00 points or 2.62% from its previous closing of Rs 533.70 on the BSE.

The scrip opened at Rs 530.75 and has touched a high and low of Rs 556.20 and Rs 526.10 respectively. So far 78952 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 2 has touched a 52-week high of Rs 740.00 on 18-Jul-2024 and a 52-week low of Rs 308.95 on 07-Apr-2025.

Last one week high and low of the scrip stood at Rs 571.70 and Rs 526.10 respectively. The current market cap of the company is Rs 2924.07 crore.

The promoters holding in the company stood at 41.33%, while Institutions and Non-Institutions held 8.76% and 49.91% respectively.

Premier Explosives has received an export order worth $12,240,000 (around Rs 105 crore) from International Client for manufacture and supply of defence explosives. The order is to be executed within 12 months.

Earlier, the company had received a purchase order worth around Rs 6.62 crore from an international entity for the manufacture and supply of defence products.

Premier Explosives is engaged in manufacture of high energy materials like bulk explosives, packaged explosives, detonators, detonating fuse, solid propellants, pyrogen igniters, pyro devices, etc., having applications in mining, infrastructure, defence, space, homeland security and such other areas.