Market Performance
Premier Explosives shares witnessed a sharp decline of 4.07% during early trade on May 13, 2025, following the closure order of one of its major facilities in Telangana.
At 09:21 AM, the stock was trading at Rs 432.70, down Rs 18.35 on the BSE.
- 52-week High: Rs 909.35 (June 21, 2024)
- 52-week Low: Rs 308.95 (April 7, 2025)
- Current Price vs. 52-week High: 52.42% lower
- Current Price vs. 52-week Low: 40.06% higher
- Market Capitalisation: Rs 2,326.25 crore
Main News
The drop in Premier Explosives shares was triggered by an immediate closure order from the Telangana Pollution Control Board (TSPCB).
According to the company’s regulatory filing, the order affects its Katepally Village factory in Yadadri-Bhuvanagiri district, where all industrial operations must cease immediately.
This regulatory action follows a tragic fire and explosion incident on April 29, 2025, which resulted in the death of three workers and left six others injured.
Premier Explosives Ltd. has confirmed it is actively engaging with the TSPCB to seek consent to resume operations as soon as possible.
Company Details
Despite the recent operational challenges, Premier Explosives has been on the radar for securing significant defence export orders.
Recent Export Orders:
- Rs 18.90 crore order (March 2025) – To be completed within 5 months
- Rs 21.45 crore order – Also scheduled for a 5-month delivery
These contracts highlight the company’s continued relevance in the defence explosives sector, even amid operational setbacks.
Summary
The recent dip in Premier Explosives shares directly reacts to regulatory hurdles following a fatal factory accident. While the company’s stock has dropped over 52% from its 52-week high, it still trades significantly above its yearly low.
With sizeable export orders in the pipeline and efforts underway to resume operations, stakeholders will closely watch how quickly Premier Explosives can navigate this crisis.
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