Premier Explosives signs contract with Satish Dhawan Space Centre, SHAR

Premier Explosives Ltd has announced that the Company has signed a long term contract with Satish Dhawan Space Centre, Sriharikota (SHAR), Indian Space Research Organisation (ISRO), Sriharikota A.P. The contract is for operation and maintenance of Second Propellant Plant (SPP) project at SHAR. The annual value of contract is about Rs 7 crores and the tenor of contract is 10 years, renewable for another 10 years on satisfactory performance. The total value of contract would be around Rs 70 crores for first 10 years.

Source : Equity Bulls

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