India, Aug. 4 -- Premier Explosives Limited has announced the receipt of a major export order valued at USD 21.75 million (approximately Rs 190.07 crore) for the manufacture and supply of defence explosives. The order is to be fulfilled over a period of two years.
The company stated that the contract has been awarded by an international entity, reinforcing Premier Explosives' growing presence in the global defence market. The nature of the contract involves the supply of specialised defence-grade explosives, further cementing the company's capabilities in high-tech manufacturing and exports.
Premier Explosives confirmed that neither the promoters nor the promoter group have any interest in the awarding entity, and the transaction does not...