Premier Explosives receives industrial license from DIPP

Premier Explosives has received an industrial license from Department of Industrial Policy and Promotion (DIPP). AN Gupta, Chairman & Managing Director of Premier Explosives spoke with Anuj Singhal & Reema Tendulkar on CNBC-TV18 about its impact on the company.

The company has received license for 1] military fuses of all types including filling and assembling, 2] munition 20 mm and above including filling and assembling and 3] war heads of all types.

Gupta said: "It is a big opportunity. This will require a facility to be set up so it will take another 1-2 years time to start earning revenue".

Watch video for full interview...