Premier Explosives has entered into a Memorandum of Understanding (MoU) with Global Munition, a subsidiary of NIBE Ordnance and Maritime (NIBE Group Company), to set-up a joint venture to manufacture Defence and Aerospace products. In proposed joint venture, Global Munition and Premier Explosives will hold equity in the ratio of 51:49.
Premier Explosives is engaged in manufacture of high energy materials like bulk explosives, packaged explosives, detonators, detonating fuse, solid propellants, pyrogen igniters, pyro devices, etc., having applications in mining, infrastructure, defence, space, homeland security and such other areas.
