Premier Explosives Secures ₹21.45 Crore Defence Export Order

Premier Explosives Limited has received an export order worth ₹21.45 crore for supplying defence-grade explosives to international clients. The company announced this in a stock exchange filing on March 12, 2025. The order is expected to be delivered within 5 months.

As of March 13, 2025, at 11:58 AM, Premier Explosives Ltd shares were trading at ₹328, up ₹4.40 (1.36%) for the day. Over the past month, the stock has declined by 13.89%, while it has gained 22.48% over the past year.

Products and Services

The company manufactures bulk and packaged explosives, detonators, fuses, and solid propellants for missiles such as Akash and Astra. It also produces pyro devices like chaff, infrared flares, and explosive bolts. In addition, Premier Explosives operates and maintains propellant plants for ISRO and DRDO.

Financial Performance

For Q3 FY24-25, the company reported a revenue increase of 250%, rising from ₹47.44 crore to ₹166.14 crore. Net profit also grew from ₹1.71 crore to ₹9.22 crore in the same period.

Premier Explosives’ total order book declined from ₹964.7 crore in March 2024 to ₹827 crore in September 2024. Defence contracts form 88% of the order book, with services contributing 9% and explosives making up 3%.

Telangana Factory Fire

In January 2025, a fire broke out at Premier Explosives’ Telangana factory, affecting a pyrotechnic manufacturing facility. One person died, and another suffered severe injuries and was hospitalised in Hyderabad. The cause of the fire is under investigation, and the company has stated that the affected assets were insured. Operations at the plant are being restored.

Conclusion 

The company confirmed that the new order is from an international entity. There is no involvement of promoter groups, and the transaction does not fall under related-party transactions.

No further details about the client or the specific nature of the explosives were disclosed.

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