Business Update22 Apr 2026, 01:18 pm
Premier Explosives: ₹18.9 Cr Defence Export Order Cancelled
AI Summary
Premier Explosives Ltd announced the termination of an export order worth ₹18.90 crores for the supply of defence explosives. The order, which was previously intimated on March 18, 2025, was cancelled due to the non-receipt of an export license from the Government of India. The company stated that the cancellation has a negligible impact on its financial performance and no damages were incurred.
Key Highlights
- Export order of ₹18.90 Cr for defence explosives terminated.
- Cancellation due to non-receipt of Government of India export license.
- Negligible financial impact on the company.
- No damages incurred from the cancellation.