Premier Explosives Ltd has bagged an Order from Elmas Savunma Sanayii Ve Havacilik Ticaret Limited, Ankara, Turkey.
The order is for supply of RDX and HMX derivatives for USD 9.63 million. The order is to be executed within 5 months.
The supplier is responsible for Indian government approvals including export approval.
This is the first order to be executed at company's RDX/HMX Greenfield project at Katepally, near Hyderabad. This is also the largest export order received by the company so far.
Shares of PREMIER EXPLOSIVES LTD. was last trading in BSE at Rs.150.95 as compared to the previous close of Rs. 151.2. The total number of shares traded during the day was 251 in over 4 trades.
The stock hit an intraday high of Rs. 150.95 and intraday low of 150.75. The net turnover during the day was Rs. 37858.