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Premier Explosives signs contract with overseas entity for supply of Rocket Motors

29 Apr 2022 Evaluate

Premier Explosives has signed a contract with an overseas entity for supply of Rocket Motors (Items Sh-522 intended for R-22 aviation guided missiles with Igniter V-287) for a total value of $13.13 million (about Rs 100.40 crore approximately). Ordered items are expected to be delivered within eighteen months. 

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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