Latest news with #PremierExplosives
Business Upturn
15 hours ago
- Business
- Business Upturn
Defence Stocks Surge: Avantel up 2.74%, Paras Defence up 2.64%, Premier Explosives jumps 2.35%
By Aditya Bhagchandani Published on June 23, 2025, 09:30 IST Indian defence stocks rallied on June 23 morning after the United States formally entered the conflict against Iran by joining Israel in airstrikes on Iranian nuclear facilities. The move comes amid heightened fears of a broader Middle East conflict, with Iran vowing retaliation and threats of closure of the Strait of Hormuz. Shares of Avantel surged 2.74% to ₹159.17, Paras Defence & Space Technologies rose 2.64% to ₹1,697.90, while Premier Explosives climbed 2.35% to ₹606.75 on the NSE. Other gainers included Data Patterns (up 1.63%), Bharat Electronics (up 1.71%), and C2C Advanced Systems (up 2%). The uptick follows US President Donald Trump's confirmation that US forces, in coordination with Israeli operations, had 'completely and fully obliterated' key Iranian nuclear sites in Fordo, Isfahan, and Natanz. Trump warned Tehran of further consequences should Iran retaliate. Iran's Supreme Leader Ayatollah Khamenei's aide has urged a counter-attack on US forces and demanded closure of the Strait of Hormuz to Western powers. The Atomic Energy Organisation of Iran confirmed the strikes but stated their nuclear operations will continue. Market analysts believe the situation could lead to increased defence spending and demand for Indian defence exports amid global supply uncertainty. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
4 days ago
- Business
- Business Standard
Premier Explosives bags Rs 7-cr defence order from international client
Premier Explosives announced that it has secured a purchase order worth Rs 6.62 crore from an international client for the manufacture and supply of defence products. According to a regulatory filing, the order is scheduled to be executed over the next 6 months. The company also clarified that the transaction does not involve any related parties, and neither the promoter, promoter group, nor any group companies have any interest in the awarding entity. Premier Explosives is engaged in the manufacturing of industrial explosives and detonators for mining & infra industries and defence & space. It also undertakes operation and maintenance (O&M) services of solid propellant plants at the Sriharikota Centre of ISRO and Solid Fuel Complex at Jagdalpur under the umbrella of DRDO. The company's standalone net profit fell 44.3% to Rs 3.7 crore while net sales declined 14.6% to Rs 74.08 crore in Q4 March 2025 over Q4 March 2024. The counter rose 0.71% to currently trade at Rs 591.15 on the BSE.
Business Standard
5 days ago
- Business
- Business Standard
Premier Explosives bags Rs 2-cr defence order from international client
Premier Explosives announced that it has secured a purchase order worth Rs 1.73 crore from an international client for the supply of defence products. According to a regulatory filing, the order is scheduled to be executed over the next 12 months. The company also clarified that the transaction does not involve any related parties, and neither the promoter, promoter group, nor any group companies have any interest in the awarding entity. Premier Explosives is engaged in the manufacturing of industrial explosives and detonators for mining & infra industries and defence & space. It also undertakes operation and maintenance (O&M) services of solid propellant plants at the Sriharikota Centre of ISRO and Solid Fuel Complex at Jagdalpur under the umbrella of DRDO. The company's standalone net profit fell 44.3% to Rs 3.7 crore while net sales declined 14.6% to Rs 74.08 crore in Q4 March 2025 over Q4 March 2024. The counter declined 1.40% to Rs 597 on the BSE.
The Hindu
03-06-2025
- Business
- The Hindu
Telangana PCB nod for Premier Explosives to reopen factory where explosion killed three people
Telangana Pollution Control Board has revoked its May 7 order closing the factory of Premier Explosives in Yadadri-Bhuvanagiri district where three persons were killed and six others injured in a fire and explosion in April. 'The company has received an order dated June 2 from Telangana Pollution Control Board regarding revocation of closure order dated May 7 for a period of three months for the factory situated in Katepally Village, Motakondur Mandal, on payment of environmental compensation of Rs. 6,75,000,' Premier Explosives intimated the stock exchanges on Tuesday (June 3, 2025). 'We will ensure compliance of conditions mentioned in the order and resume production from the factory at the earliest,' the company said, without elaborating on the conditions. The fire and explosion, around 4.55 p.m on April 29, in the propellant mixing building of the factory resulted in loss of lives, injuries and damage to the building and machinery. Premier Explosives manufacturers industrial explosives and detonators for mining and infrastructure industries as well as for defence and space applications. It has six manufacturing facilities. Four of them – one each in Madhya Pradesh, Maharashtra and two in Telangana — are for bulk explosives. The remaining two, including the Katepally facility, are in Telangana and focused on accessories and defence explosives such as solid propellants, HMX/RDX, rocket missiles, ammunition and other ammunitions, according to the company.
Business Upturn
03-06-2025
- Business
- Business Upturn
Premier Explosives to resume operations at Telangana plant after TSPCB revokes closure order
Premier Explosives Ltd has announced that the Telangana Pollution Control Board (TSPCB) has issued an order dated June 2, 2025, revoking the earlier closure order of the company's factory located at Katepally Village, Motakondur Mandal, Yadadri-Bhuvanagiri District, Telangana. The closure order was initially issued on May 7, 2025. As per the new revocation order, the company is permitted to resume operations at the facility for a period of three months, subject to compliance with conditions outlined in the TSPCB's order. Premier Explosives stated that it has paid an environmental compensation of ₹6,75,000 as required. The company confirmed it will adhere to all compliance requirements as stipulated by the board and resume production at the facility promptly. This update follows the company's earlier disclosure dated May 12, 2025, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In the meantime, Premier Explosives shares opened today at ₹574.00, reaching a high of ₹590.00 and a low of ₹565.05 during the trading session. The stock continues to show volatility amid market movements. Over the past year, Premier Explosives recorded a 52-week high of ₹908.80 and a low of ₹309.15 Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
