Premier Explosives Limited receives clearance from IPICOL for new project

Premier Explosives Limited has received a letter on 15th March, 2024 from The Industrial Promotion & Investment Corporation of Odisha Limited (IPICOL) informing that the State Level Single Window Clearance Authority (SLSWCA) in its meeting held on 23rd February, 2024 has approved "in principle" the proposal of the Company for setting up a Defence Explosives, Raw Materials and Ammunition Plant, in three phases at Rayagada district with an investment of about Rs. 864.00 Crore, subject to fulfillment of customary conditions by the Company.

Shares of Premier Explosives Limited was last trading in BSE at Rs. 1405.40 as compared to the previous close of Rs. 1406.15. The total number of shares traded during the day was 977 in over 199 trades.

The stock hit an intraday high of Rs. 1433.45 and intraday low of 1370.65. The net turnover during the day was Rs. 1360467.00.

Source : Equity Bulls

Keywords

PremierExplosives INE863B01011 IPICOL Clearance NewProject