Premier Explosives stock surged 10% on December 16
A new joint venture with Global Munition was announced
The JV will manufacture defense and aerospace products
Global Munition will hold 51% equity; Premier, 49%
High buy orders, no sellers were reported
Premier secured an ₹89.20 crore order in November
The order is for explosives from Singareni Collieries
September quarter net profit fell 27.7% to ₹8.42 crore
The company supplies explosives for mining operations
The JV aims to expand into defense manufacturing