Big Order News: The company, which gave a return of 556% in 3 years, got a big international order of ₹350.23 crore, keep an eye on the stock.:The company's global business is expected to gain strength. The company has clarified that the promoter group has no stake in this transaction and it does not constitute a related party transaction.

News Topical, Digital Desk : Hyderabad-based defense sector company Premier Explosives Limited has received a major export order worth ₹350.23 crore from an international customer, the company has disclosed this information to the stock exchange.

According to the company, this order is related to the supply of defence products and it will be completed in the next two years.

Details related to the order

This order has been placed entirely by an international entity, which is expected to strengthen the global business of the company. The company has also clarified that the promoter group has no stake in this deal and it does not fall under the category of related party transaction.

The company has made this disclosure as per the listing regulations of SEBI. According to experts, this order can have a positive impact on the order book and future earnings of the company.

This is being considered a significant achievement for companies like Premier Explosives due to increasing global demand and export opportunities in the defense sector.