Premier Explosives share price fell 4 percent in the opening trade on May 13 on the back of factory closure order from Telangana Pollution Control Board.
At 09:21am, Premier Explosives was quoting at Rs 432.70, down Rs 18.35, or 4.07 percent, on the BSE.
"... has received closure orders from the Telangana Pollution Control Board, Hyderabad, Telangana, to stop all industrial activities with immediate effect, in the company's factory situated at Katepally Village, Motakondur Mandal, Yadadri-Bhuvanagiri District, Telangana," company said in its release.
There was a fire and explosion occurred on April 29, 2025, in which three people lost their lives and another six persons were injured.
The company is taking all necessary recourse with Telangana Pollution Control Board to get back the consent to operate at the earliest.
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In March, the company received an export order for Rs 18.90 crore for supply of defence explosives to be delivered within a period of 5 months.
Also, received an export order for Rs 21.45 crore for supply of defence explosives to be delivered within a period of 5 months.
The share touched a 52-week high of Rs 909.35 and a 52-week low of Rs 308.95 on 21 June, 2024 and 07 April, 2025, respectively.
Currently, the stock is trading 52.42 percent below its 52-week high and 40.06 percent above its 52-week low.
The market capitalisation of the company stands at Rs 2,326.25 crore.
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