Mumbai, Nov. 12 -- In an exchanges filing, the company stated that the order will be executed within a period of 12 months. It also clarified that neither its promoters nor members of the promoter group have any interest in the awarding authority.

The company further confirmed that the transaction does not qualify as a related-party transaction under applicable regulatory norms.

Premier Explosives is engaged in manufacture of high energy materials like bulk explosives, packaged explosives, detonators, detonating fuse, solid propellants, pyrogen igniters, pyro devices, etc., having applications in mining, infrastructure, defence, space, homeland security and such other areas. The company also operates and maintains solid propellant plant...