Premier Explosives has terminated order bagged for supply of HMX and RDX derivatives from Elmas Savunma Sanyii Ve Havacilik Ticarett, Ankara, Turkey. The company has terminated order due to difficulty in obtaining license from Government of India for export of the said products to Turkey. There is negligible impact on the financial performance of the company and no damages on cancellation of the aforesaid order.
Premier Explosives is a prominent player in manufacturing solid propellants for India's prestigious missile programs like Akash, Astra, and LRSAM.
