Premier Explosives has reported fire accident at it Peddakandukuru Factory. The fire has resulted in damage of building and equipment in one of the curing facilities. The damaged assets were fully insured and there would be no disruption of operations as other facilities would be used during the period of repair/replacement of damaged assets. No employees were affected in the accident.
Premier Explosives is a prominent player in manufacturing solid propellants for India's prestigious missile programs like Akash, Astra, and LRSAM.
