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Premier Explosives Ltd.

BSE: 526247 Sector: Industrials
NSE: PREMEXPLN ISIN Code: INE863B01011
BSE 00:00 | 30 Mar 58.55 -1.95
(-3.22%)
OPEN

60.50

HIGH

66.40

LOW

56.60

NSE 00:00 | 30 Mar 57.85 -3.90
(-6.32%)
OPEN

59.70

HIGH

62.70

LOW

57.20

OPEN 60.50
PREVIOUS CLOSE 60.50
VOLUME 720
52-Week high 260.20
52-Week low 56.50
P/E
Mkt Cap.(Rs cr) 63
Buy Price 58.30
Buy Qty 100.00
Sell Price 66.00
Sell Qty 150.00
OPEN 60.50
CLOSE 60.50
VOLUME 720
52-Week high 260.20
52-Week low 56.50
P/E
Mkt Cap.(Rs cr) 63
Buy Price 58.30
Buy Qty 100.00
Sell Price 66.00
Sell Qty 150.00

Premier Explosives Ltd. (PREMEXPLN) - Company History

Promoted by A N Gupta and S V Kannan, both of whom have more than 20 years of experience in the industry, Premier Explosives (PE), located in a mining area (close to Singareni Collieries), enjoys the benefit of being close to the end-users. Premier Explosives, which started operations in 1980, intially manufactured small/large diameter explosives, bulk explosives (or SME) and detonators. It has diversified into the manufacture of detonating fuses (4 mtpa) and penta erythritol tetra nitrate (PETN: 100 tpa). Commercial production began in Sep.'93. Premier Explosives also manufactures site-mixed slurry (SMS), bulk explosives and detonators with an installed capacity of 11,000 tpa and 32 mln pa respectively. The plants for PETN and detonating fuses went on stream in 1994-95. The company, which started out as an ancillary unit to Singareni Collieries, now also supplies to Coal India and Neyveli Lignite. The company had set up plants for bulk explosives in Madhya Pradesh and Maharashtra. It has also diversifed into the production of white button mushrooms, which have export potential. It is availing of tax advantage by setting up a 100% EOU in Medak, Andhra Pradesh (inst. cap. : 3000 tpa). It acquired land and entered into an agreement with Tray Master, UK, for technical know-how and critical equipment. A marketing agreement has been entered into with Metro Trade, US, to market 70% of its production. The other 30% will be marketed directly. The Company has started a division at Singrauli for manufacture of SMS explosives. The Company has also entered into the area of Rock Blasting & Drilling contracts. The Company's IT venture was launched through the vertical portal "Chemnetindia.com" The company's explosives,detonators and detonating divisions have been accredited ISO 9002 Certification.