India, Jan. 21 -- Premier Explosives Limited on Wednesday announced that it has received a purchase order from an international client for the supply of rocket motors, in line with regulatory disclosure requirements.
The order is valued at USD 1.928 million (approximately Rs 17.68 crore) and is scheduled to be executed over a period of 12 months, the company said.
The contract has been awarded by an international entity, and the company clarified that neither the promoter nor the promoter group has any interest in the awarding entity. It also confirmed that the order does not fall under related-party transactions.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....