Secunderabad, January 31, 2025 – Premier Explosives Limited (BSE: 526247, NSE: PREMEXPLN) has announced the receipt of a ₹26.40 crore order from BrahMos Aerospace Private Limited for the propellant casting and assembly of boosters. The contract is set to be executed over a period of two years, with completion by March 31, 2027.
Key Order Details:
| Particulars | Details |
|---|---|
| Awarding Entity | BrahMos Aerospace Private Limited |
| Nature of Order | Propellant Casting & Assembly of Boosters |
| Order Value | ₹26.40 crore |
| Type of Entity | Domestic |
| Execution Timeline | To be completed by March 31, 2027 |
| Related Party Involvement | No involvement of promoter/promoter group in awarding the contract |
Regulatory Compliance & Disclosure
The announcement was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency for stakeholders.Strategic Significance
This order strengthens Premier Explosives Limited's defense manufacturing portfolio, further consolidating its position as a key supplier in India's growing defense and aerospace sector. The collaboration with BrahMos Aerospace underscores the company’s role in strategic defense production.Market Implications
With the ongoing government push for "Make in India" in defense, this contract adds to Premier Explosives' pipeline of defense orders. Investors will likely view this positively, given the long-term revenue visibility and strategic importance of the contract.For further updates, stay tuned to the company’s disclosures and stock performance.
