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Premier Explosives Limited
Sector:Others Others - Miscella - Others
Market Lot: 1Face Value: 10ISIN Demat: INE863B01011
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Business Profile
Premier Explosives (PREMEXPLQ) is engaged in the manufacture and marketing of the entire range of explosives and accessories. It was incorporated as a private limited company in 1980 and got converted into a public limited company in 1987.

The ISO 9001:2000 certified company manufactures emulsion and slurry explosives, bulk explosives, small-diameter non-permitted explosives, LD cartridge explosives, permitted explosives, cast boosters, pillow-packs for secondary blasting; detonating fuse of various core-loads, plain detonators, instantaneous electric detonators, electric delay detonators, permitted detonators, Amardet non-electirc shock-tube detonators, and cord relays. In FY07, it started production of pyrogen igniters and Astra missile motors for the defence sector. The manufacturing units are in Madhya Pradesh, Andhra Pradesh and Maharashtra with installed capacities of 100 million detonators, 33,000 MTPA explosives, 45 million meters detonating fuses, 500 MTPA boosters, 500 special products, 700 MTPA penta erythritol tetra nitrate, and 45 MTPA styphnic acid.

The company undertakes rock blasting and drilling contracts. Early in 2007, it signed a Rs 700 million, 10-year (renewable for another 10 years) contract with Satish Dhawan Space Center, SHAR, Indian Space Research Organization (ISRO) for operation and maintenance of the second propellant plant at an annual contract value of about Rs 70 million. The R&D facility is recognized by the Council for Scientific and Industrial Research (CSIR), Government of India. Recent awards include for best R&D effort award for 2006 from All India Manufacturers Association (Andhra Pradesh State Board) and an appreciation award for 2006 from Naval Science and Technological Laboratories (NSTL), Visakhapatnam recognizing its development of explosive bolts, smoke markers and pyro cartridges for naval use. Two joint ventures have been set up abroad for the manufacture of explosives and accessories.

The registered office is located at 202/203 Minerva Complex, S.D. Road, Secunderabad-500003, Andhra Pradesh.

The company reported rise of 219.82% in standalone net profit on y-o-y basis to Rs 17.59 million, while total income rose 25.81% y-o-y basis to Rs 473.24 million for the quarter ended June 2016.

Recent Developments
Premier Explosives announced that the company has bagged an order worth Rs 729.5 million. This order is for the supply of SMS/SME Explosives, LDC Explosives and Accessories for use in blasting for OB removal work at all the open cast projects of the Singareni Collieries Company for a period of 2 years i.e. from 2016 to 2018.

Premier Explosives announced that the company has signed, a Memorandum of Understanding (MOU) with Israel Aerospace Industries for exploring potential business opportunities.

Premier Explosives announced that it has received Industrial License vide License dated Jul. 07, 2015 from the Department of Industrial Policy and Promotion (DIPP).

Premier Explosives announced that it has received Industrial License vide License dated Jun. 11, 2015, from the department of industrial policy and promotion (DIPP).

Sundaram BNP Paribas Mutual Fund picked 0.56% stake in Premier Explosives for Rs 12.33 million on Monday.

Premier Explosives, announced about the incorporation of BF Premier Energy Systems, a joint venture between Premier Explosives and Kalyani Strategic Systems, from Bharat Forge group for manufacture of defence products on Mar. 09, 2015.

Premier Explosives today announced that the company has entered into a joint development agreement with Indian Institute of Technology (IIT), Madras for carrying out collaborative research projects in the area of high energy materials.

Premier Explosives reported a decline in standalone net profit for the quarter ended March 2013. During the quarter, the profit of the company fell 51.81% to Rs 20.13 million from Rs 41.77 million in the same quarter previous year.

In Brief

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