ICRA reaffirms ratings of Premier Explosives’ bank facilities

Credit rating agency, ICRA has reaffirmed the long term rating for Line of Credit (LOC) of Premier Explosives to ‘A/Stable’. The rating agency also reaffirmed the short term rating for the said LOC to ‘A1’. The aforesaid ratings are valid till January 08, 2019. 

Premier Explosives is one of the major companies manufacturing the entire range of explosives and accessories for the civil requirement. The company is the first manufacturer in India to deploy totally indigenous technology.