New Delhi, Aug. 4 -- Premier Explosives share price jumped over 9% on Monday after the company announced receipt of a defence order. The small-cap stock surged as much as 9.62% to Rs.468.05 apiece on the BSE.
Premier Explosives said that it has received an export order from an international entity for the supply of defence explosives, to be delivered within a period of two years.
The total consideration for the order is $21,750,000, i.e. approx. Rs.190.07 crore, for manufacture and supply of defence explosives, Premier Explosives said in a regulatory filing on August 4.
The time period within which the order is to be executed is within two years.
Last week, the company announced the receipt of a purchase order for Rs.22.36 crore from ...
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