Company Profile

PREMIER EXPLOSIVES LTD.

NSE : PREMEXPLNBSE : 526247ISIN CODE : INE863B01011Industry : Chemicals House : Private
BSE153.003.2 (+2.14 % )
PREV CLOSE (Rs.) 149.80
OPEN PRICE (Rs.) 151.20
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 201
TODAY'S LOW / HIGH (Rs.)151.20 156.85
52 WK LOW / HIGH (Rs.)66.5 177
NSE154.00 1.35 (+0.88 % )
PREV CLOSE(Rs.) 152.65
OPEN PRICE (Rs.) 152.95
BID PRICE (QTY) 154.00 (320 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 9538
TODAY'S LOW / HIGH(Rs.) 152.95 156.90
52 WK LOW / HIGH (Rs.)66.15 175.75

Company News

Date Heading Details
24-Feb-2021 Premier Explosives informs about credit rating <p align="justify">Premier Explosives has informed that ICRA has revised the credit rating for Line of Credit (LOC) of the Company, as given below which is valid till December 30, 2021: Rating on long term at [ICRA] [BBB+] (stable), (previously - [ICRA] [A-]) and rating on short term at [ICRA] [A2], (previously - [ICRA] [A2+]).</p><p align="justify">The above information is a part of company's filings submitted to BSE.<br></p>
31-Dec-2020 Premier Explosives receives enhancement in order from Israel Aerospace Industries <p align="justify">Premier Explosives has received an enhancement in order from Israel Aerospace Industries (IAI), Israel for development and supply of EDRM Rocket Motors for a total value of $1,384,000 in place of $520,000. Ordered items are expected to be delivered by September 30, 2021.</p><p align="justify">Premier Explosives is a prominent player in manufacturing solid propellants for India's prestigious missile programs like Akash, Astra, and LRSAM.<br></p>
31-Dec-2020 Prakash Pipes, Welspun Corp and Adani Green Energy to see some action today <p align="justify"><strong>Prakash Pipes</strong> has added Chlorinated Polyvinyl Chloride (CPVC) Pipes &amp; Fittings in its product range by commencing production at its Kashipur plant. CPVC Pipes &amp; Fittings are used in hot water applications and is growing in popularity owing to its higher corrosion resistance at temperatures of around 60 degree Celsius to 90 degree Celsius, flame resistance, and other durability features.</p><p align="justify"><strong>Welspun Corp</strong> has received additional orders of approximately 129 KMT valued at Rs 1,200 crore approximately. Out of these orders, approximately 69 KMT would be executed from Saudi facility, including a single order of 45 KMT from Saudi Aramco - one of most prestigious clients. These orders bring in clear business continuity for FY22, both in domestic and Saudi market and is a true testimony of global leadership position and a strong customer connect.</p><p align="justify"><strong>Adani Green Energy's</strong> (AGEL) wholly owned subsidiary--Adani Solar Energy Kutchh Two has commissioned 100 MWac Solar Power Project at Khirsara, Gujarat, ahead of its scheduled Commercial Operation Date (COD) according to its 25-year-long Power Purchase Agreement (PPA ) with the Gujarat Urja Vikas Nigam India (GUVNL). The PPA is priced at Rs 2.44/kWh, as on December 29, 2020.</p><p align="justify"><strong>Premier Explosives</strong> has received an enhancement in order from Israel Aerospace Industries (IAI), Israel for development and supply of EDRM Rocket Motors for a total value of $1,384,000 in place of $520,000. Ordered items are expected to be delivered by September 30, 2021.</p><p align="justify"><strong>Filatex India</strong> has commenced commercial operation of captive rooftop solar power generation of 1.0 MW at Dahej and 0.4 MW at Dadra with effect from December 30, 2020.</p><p align="justify"><strong>Ramco Cements</strong> has invested Rs 2,48,57,173 in the capital of Lynks Logistics by way of subscribing to 2,48,57,173 equity shares of Rs 1 each, through their Rights Issue. Consequent to the investment, the total shareholding of company in Lynks Logistics is 49,95,16,202 shares of face value of Rs 1 each constituting 46.87% of its paid up share capital.</p><p align="justify"><strong>Shriram Transport Finance Company</strong> has raised Rs 240 crore through Senior, secured, rated, listed, redeemable, non convertible debentures (NCDs) and allotted 2400 Debenture having face value of Rs 10,00,000 each on private placement basis. The board of directors of the company at its meeting held on November 30, 2020 approved and allotted the same.<br></p>
28-Dec-2020 Premier Explosives informs about closure of trading window <p align="justify">Premier Explosives has informed that, in terms of the Company's Code of Conduct for Prohibition of Insider Trading read with SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the Company's equity shares by the Directors/ Designated persons and their Relatives will remain closed from January 01, 2021 until 48 hours from the date of declaration of Un-audited Financial Results of the Company for the quarter ended 31.12.2020. The details of the date of the Board Meeting shall be intimated in due course.</p><p align="justify">The above information is a part of company's filings submitted to BSE.</p>
01-Dec-2020 Premier Explosives bags order for procurement of 26 MM Chaffs <p align="justify">Premier Explosives has received an order from Ministry of Defence, Government of the Republic of India for procurement of 26 MM Chaffs to be delivered within six months from the effective date of contract. The value of the contract is Rs 13.78 crore (including GST). <p align="justify">Premier Explosives is a prominent player in manufacturing solid propellants for India's prestigious missile programs like Akash, Astra, and LRSAM.</p>
21-Oct-2020 Premier Explosives informs about conference call <div align="justify">Premier Explosives has informed that a conference call for analysts and investors is scheduled to be held on Monday, 26th of October, 2020 at 12.00 Noon, to discuss the Q2 FY21 Financial Results.<br></div><div align="justify"><br></div><div align="justify">The above information is a part of company's filings submitted to BSE.<br></div>
12-Oct-2020 Indiabulls Housing Finance, SAIL and RITES to see some action today <p align="justify"><strong>Indiabulls Housing Finance</strong> has further sold a portion of its stake in OakNorth Holding (the wholly owning parent company of OakNorth Bank) to Riva Capital Partners V, L.P., USA, for approximately Rs 441 crore. The sale proceeds will be accretive to the regulatory net worth and the CRAR of the company. With the latest stake sale, the company has raised a total of Rs 2,273 crores as fresh equity in the month of September and October 2020 (Rs 683 crore through QIP and Rs 1590 crore through sale of stake in OakNorth) adding to the regulatory equity capital of the company.</p><p align="justify"><strong>Steel Authority of India</strong> (SAIL) is planning to commence commercial production of head hardened (HH) rails in FY21. HH rails are special rails used in high-speed freight corridors and metro rail projects. Such rails are manufactured using the head hardening technology to bear about 50 per cent higher pressure compared to normal rails. The company has set up facilities for production of HH rails at the new Universal Rail Mill (URM) at its Bhilai Steel Plant (BSP) in Chhattisgarh, and the cold trials for the same have already been completed. </p><p align="justify"><strong>RITES</strong> has secured consultancy orders for Rs 103.24 crore. The company has bagged first order for Project Management Consultancy (PMC) work for complete planning, design, execution / construction of Buildings and other services for various buildings at IIT Delhi. RITES fees will be around Rs 54 crore. The company has bagged second order for Four Project Management Consultancy (PMC) works and two Feasibility Study Report / Detailed Project Report (FSR/DPR) work from South Eastern Coalfields for an approximate fees of Rs 46 crore based on the MoU entered into between CIL and RITES recently. It also secured third order for study of Multi Modal Integration Planning for Surat Metro for a fee of Rs 3.24 crore. The work will involve planning and design of passenger dispersal facility at about 35 Metro stations on two corridors at Surat Metro. The study will be in a total timeline of 12 months.</p><p align="justify"><strong>Manappuram Finance</strong> has received approval for the issuance of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) of face value of Rs 10 lakh each for and amount of Rs 10 crore with an option to retain over subscription upto Rs 190 crore aggregating to Rs 200 crore on private placement route. The Financial Resources and Management Committee of the Board of Directors of the company at its meeting held on October 10, 2020 has approved the same. </p><p align="justify"><strong>JBM Auto</strong> has entered into Share Purchase Agreement with Sandhar Technologies for the purchase of 2,00,000 equity shares of INDO Toolings (Joint Venture Company) on the terms and conditions as specified in the Share Purchase Agreement dated October 9, 2020. Consequently, Sandhar Technologies have agreed to sell its entire shareholding in INDO Toolings to JBM Auto. Subsequent to proposed acquisition, the shareholding of the company in INDO Toolings will increase to 100% of the paid-up equity share capital.&nbsp; </p><p align="justify"><strong>Great Eastern Shipping Company</strong> (GE Shipping) has signed a contract to buy a secondhand Long Range 2 Product Carrier of about 105,258 dwt. The 2012 South Korean built vessel is expected to join the company's fleet in Q3 FY21. The company's current fleet stands at 46 vessels, comprising 33 tankers (11 crude carriers, 17 product tankers, 5 LPG carrier) and 13 dry bulk carriers with an average age of 12.39 years aggregating 3.70 mn dwt.</p><p align="justify"><strong>Premier Explosives</strong> has received an order from Singareni Collieries Company (SCCL) (a Government Company) for supply of SMS/SME explosives and accessories (Cast Booster, Detonating Fuse, Cord Relay, Nonel and CED 2.0M detonator) for OB removal at different OCPs of SCCL for a period of 2 years. The order value is Rs 82.83 crore excluding GST.<br></p>
12-Oct-2020 Premier Explosives jumps on bagging order worth Rs 82.83 crore <p align="justify">Premier Explosives is currently trading at Rs. 124.75, up by 5.85 points or 4.92% from its previous closing of Rs. 118.90 on the BSE.</p><p align="justify">The scrip opened at Rs. 124.80 and has touched a high and low of Rs. 124.80 and Rs. 120.00 respectively. So far 6527 shares were traded on the counter.</p><p align="justify">The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 184.50 on 24-Oct-2019 and a 52 week low of Rs. 56.50 on 25-Mar-2020.</p><p align="justify">Last one week high and low of the scrip stood at Rs. 124.80 and Rs. 113.00 respectively. The current market cap of the company is Rs. 134.19 crore.</p><p align="justify">The promoters holding in the company stood at 41.33 % while Institutions and Non-Institutions held 10.77 % and 47.89 % respectively.</p><p align="justify">Premier Explosives has received an order from Singareni Collieries Company (SCCL) (a Government Company) for supply of SMS/SME explosives and accessories (Cast Booster, Detonating Fuse, Cord Relay, Nonel and CED 2.0M detonator) for OB removal at different OCPs of SCCL for a period of 2 years. The order value is Rs 82.83 crore excluding GST. </p><p align="justify">Premier Explosives is a prominent player in manufacturing solid propellants for India's prestigious missile programs like Akash, Astra, and LRSAM.<br></p>
10-Oct-2020 Premier Explosives bags order worth Rs 82.83 crore <P align=justify>Premier Explosives has received an order from Singareni Collieries Company (SCCL) (a Government Company) for supply of SMS/SME explosives and accessories (Cast Booster, Detonating Fuse, Cord Relay, Nonel and CED 2.0M detonator) for OB removal at different OCPs of SCCL for a period of 2 years. The order value is Rs 82.83 crore excluding GST. <P align=justify>Premier Explosives is a prominent player in manufacturing solid propellants for India's prestigious missile programs like Akash, Astra, and LRSAM.<BR>
28-Sep-2020 Premier Explosives receives Arms Licence for manufacture of warheads, fuses in Telangana <p align="justify">Premier Explosives has received Arms Licence from Arms Licence Issuance Authority, Department for Promotion of Industry and Internal Trade (DPIIT) under Arms Act, 1959 for the manufacture of all types of warheads and fuses at Katepally Village, Motakondur Mandal, Yadadri Bhuvanagiri District, in the State of Telangana. This licence enables the company to enter into new business area in defence explosives. </p><p align="justify">Premier Explosives is a prominent player in manufacturing solid propellants for India's prestigious missile programs like Akash, Astra, and LRSAM. <br></p>