Premier Explosives has informed that the company has signed a contract with an Overseas Entity for supply of Rocket Motors and an amount of $2.44 Million (about Rs. 19.40 Crores approx.) received towards production line building and procurement of critical raw material. None of the promoter/ promoter group/ group companies has any interest in the entity that awarded the contract.
The above information is a part of company’s filings submitted to BSE.