Premier Explosives Ltd receives order of Rs. 3.45 crores

Premier Explosives Limited has received an order from Vikram Sarabhai Space Centre (VSSC) for production and supply of three sets of PSOM-XL Motors (HS, MS & NS) for their PSLV launch vehicle for a total value of Rs.3.45 Crores.

This is a repeat order to be executed at the Solid Propellant Plant located at Katepally. The Company has already executed four PSOM-XL motors.

The Order is to be executed within a period of 8 months.

Shares of Premier Explosives Limited was last trading in BSE at Rs. 427.90 as compared to the previous close of Rs. 436.35. The total number of shares traded during the day was 879 in over 106 trades.

The stock hit an intraday high of Rs. 452.00 and intraday low of 425.75. The net turnover during the day was Rs. 378742.00.

Source : Equity Bulls

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