Premier Explosives shares are set to be in focus on November 6 after the company announced a major order win worth ₹89.20 crore from Singareni Collieries Company Ltd. (SCCL).
The order involves the supply of various explosives and accessories, including SME explosives, LDC explosives (both cap and non-cap), and additional items like Cast Booster, Detonating Fuse, Cord Relay, Nonel, and Electronic Detonators. These supplies will be used for OB (Overburden) blasting at SCCL’s Opencast Projects and are set to be delivered over a two-year period.
The board meeting of Premier Explosives is also scheduled on 11 November 2024 to consider and approve financial results (unaudited, Standalone and Consolidated) for the quarter and half year ending 30 September 2024.
This order from SCCL underlines the important presence of Premier Explosives in mining, with its position being consolidated as one of the large suppliers of sophisticated explosives in India.
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Source: Moneycontrol
News Desk
