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Premier Explosives Ltd receives order from Vikram Sarabhai Space Centre

Posted On: 2019-09-10 19:02:35

Premier Explosives Ltd has received an order from Vikram Sarabhai Space Centre (VSSC) for production of PSOM-XL segments (solid propellant) for their satellite launch vehicles.

This is the first order to be executed at the Solid Propellant Plant located at our Katepally Greenfield project inaugurated in August 2019. The Company has already supplied this product to SHAR and it was successfully test fired in 2018 at Sriharikota.

The Order is to be executed within a period of 18 months. This is not a material order.

Shares of PREMIER EXPLOSIVES LTD. was last trading in BSE at Rs.168.3 as compared to the previous close of Rs. 167.15. The total number of shares traded during the day was 847 in over 68 trades.

The stock hit an intraday high of Rs. 170.7 and intraday low of 165.2. The net turnover during the day was Rs. 142851.


Source: Equity Bulls

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