Premier Explosives Secures ₹17.3 Million Order, Adds Firepower to Defence Pipeline

Premier Explosives Ltd (PEL), a key player in India’s defence and aerospace supply chain, has bagged a fresh order worth ₹17.3 million, reinforcing its momentum in the highstakes explosives and propellants segment. While the client’s name hasn’t been disclosed, the order is expected to support the company’s growing footprint in strategic sectors like defence, mining, and space.

 

Key Highlights:

This order comes on the heels of PEL’s participation in several DRDO and ISROlinked projects, including solid propellant supply for missile systems and satellite launch vehicles. The company is also a preferred vendor for Singareni Collieries and Bharat Dynamics, with repeat orders indicating strong client confidence.

 

With the government’s continued push for indigenisation under the Atmanirbhar Bharat initiative, Premier Explosives is wellpositioned to benefit from rising domestic demand and export opportunities in the defence sector.

 

Source: Business Standard, Nirmal Bang Investor Conference Notes, Value Research Online