Premier Explosives has informed that the Company has received a letter on 15th March, 2024 from The Industrial Promotion & Investment Corporation of Odisha (lPICOL) informing that the State Level Single Window Clearance Authority (SLSWCA) in its meeting held on 23rd February, 2024 has approved ‘in principle’ the proposal of the Company for setting up a Defence Explosives, Raw Materials and Ammunition Plant, in three phases at Rayagada district with an investment of about Rs. 864.00 Crore, subject to fulfillment of customary conditions by the Company.
The above information is a part of company’s filings submitted to BSE.
