MoneyWorks4Me

Premier Explosives secures order of Rs 13.50 crore for supply of Air Target Imitator

13 Aug 2019 Evaluate

Premier Explosives has received an order from MoD (Army) for supply of Air Target Imitator valued at Rs 13.50 crore, executable within one year. This is an import-substitute product developed by the company. It falls under ‘Make in India’ programme and has got all necessary quality approvals from defence agencies.

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 614.70
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