India, July 16 -- Premier Explosives Limited has announced the receipt of a major export order valued at USD 12.24 million (approximately Rs 105 crore) for the manufacture and supply of defence explosives. The order is to be fulfilled within a period of 12 months.
The company confirmed that the contract was awarded by an international client and pertains exclusively to the manufacturing and supply of defence-grade explosives.
As per the disclosure made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements, Premier Explosives clarified the following:
The contract is with an international entity.
The nature of the order involves manufacturing and supplying defence explosives.
The order is to be executed within 12 ...