Premier Explosives has bagged an order from Satish Dhawan Space Centre, SHAR, Sriharikota. The order has to be executed between December 2018 and December 2028, the company said in a notice to the exchanges. The size of the order is ₹181 crore. For the first year, the order is worth ₹18.10 crore, and subject to price escalation from second year onwards. The company has executed a similar order for about 11 and 1/2 years. The new order was received after completion of the tender process. Shares of Premier Explosives jumped 2.88 per cent at ₹264.50 on the BSE.
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