MoneyWorks4Me

Premier Explosives ties-up with Nexter

13 Apr 2018 Evaluate

Premier Explosives (PEL) and the French defence company Nexter have decided to tie-up for manufacturing Bi-Modular Charge Systems (BMCS) in order to respond to the needs of the Indian Ministry of Defence. The partners responded to the BMCS RFP (Request for Proposal) relative to a 10 year contract by manufacturing in India, combining the experience of Nexter with the pyrotechnics knowledge of PEL. 

The proposed product, which is the key of artillery propulsion, is 100% designed within NEXTER Group in accordance with the Indian technical requirements. Through a long-term partnership, PEL and Nexter are willing to build up one of the first Indian private manufacturers of ammunition. This project responds to the Indian government objective to develop a private robust source of ammunition.

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

Peers
Company Name CMP
Godrej Industries 1050.00
SRF 2434.70
BASF India 3439.60
Pidilite Inds. 1470.00
Tata Chemicals 613.05
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