Premier Explosives gains on receiving Management System Certificate from DNV

19 Feb 2018

Premier Explosives is currently trading at Rs. 392.70, up by 1.25 points or 0.32% from its previous closing of Rs. 391.45 on the BSE.

The scrip opened at Rs. 391.00 and has touched a high and low of Rs. 405.00 and Rs. 388.20 respectively. So far 1087 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 539.35 on 16-Jun-2017 and a 52 week low of Rs. 328.00 on 24-Mar-2017.

Last one week high and low of the scrip stood at Rs. 440.00 and Rs. 388.20 respectively. The current market cap of the company is Rs. 417.72 crore.

The promoters holding in the company stood at 40.41%, while Institutions and Non-Institutions held 18.14% and 41.45% respectively.

Premier Explosives has received the Management System Certificate from DNV GL Business Assurance (DNV), USA after the company has been found to conform to the Quality Management System Standard ISO 9001:2015 and AS 9100 D. This certificate is for Development, Manufacture and Supply of High Energy Materials (Propellants, Pyrotechnics, Special Devices and other Chemicals) for Aerospace and Defence Applications.

The company had earlier conformed to ISO 9001:2008 and AS9100 C and now quality standards are revised to ISO 9001:2015 and AS9100 D with transition deadline of September 2018.

Premier Explosives is a prominent player in manufacturing solid propellants for India's prestigious missile programs like Akash, Astra, and LRSAM.


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