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Premier Explosives bagged two orders from DRDO worth a total of Rs 17.70 crore. The two orders are:
a) supply of primary explosives plant on turnkey basis to HEMRL of DRDO for a total value of Rs 4.50 crore and
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b) fabrication and supply of R-III rocket motors (propulsion system) to DRDL of DRDO for a total value of Rs 13.20 crore.
On a consolidated basis, Premier Explosives reported a net profit of Rs 0.61 crore in Q3 FY22 as compared to a net loss of Rs 5.55 crore in Q3 FY21. Net sales rose 3.6% to Rs 50.62 crore in Q3 FY22 over Q3 FY21.
