Premier Explosives share price rose 7 percent in the opening trade on September 17 following Telangana Pollution Control Board (TGPCB) revoked company's factory closure order.
At 09:20am, Premier Explosives was quoting at Rs 585.60, up Rs 39.05, or 7.14 percent, on the BSE.
"Telangana Pollution Control Board (TGPCB) revoked the closure order (which was issued on account of an accident on April 29, 2025) for the company's factory situated at Katepally Village, Motakondur Mandal, Yadadri-Bhuvanagiri District, Telangana," company said in its release.
With this approval the company resumes the production activities.
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The rating Agency, India Ratings and Research Private Limited, has assigned IND A-credit rating with Stable outlook for company's bank loan facilities of Rs 3,270 million.
Last week, company received an order for an amount of Rs 7.83 crore from the Ministry of Defence, Government of the Republic of India for procurement of Counter Measures, to be delivered within a period of 12 months.
The share touched a 52-week high of Rs 667.00 and a 52-week low of Rs 308.95 on 06 June, 2025 and 07 April, 2025, respectively.
Currently, the stock is trading 12.2 percent below its 52-week high and 89.55 percent above its 52-week low.
The market capitalisation of the company stands at Rs 3,148.26 crore.
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