Premier Explosives Ltd Cancels Export Order for Defence Explosives Worth Rs. 18.90 Crores
Premier Explosives Ltd has announced the termination of an export order for Defence Explosives, valued at Rs. 18.90 crores. The cancellation involves an international entity and Premier Explosives Limited, India.The order cancellation occurred due to the non receipt of an export license from the Government of India for the specified products. This significant contract modification relates to the supply of Defence Explosives.
The details surrounding the order termination are as follows:
| Parties to the Order | International Entity and Premier Explosives Limited, India |
|---|---|
| Nature of Order | Supply of Defence Explosives |
| Financial Value | Rs. 18.90 crores |
Management stated that the termination and cancellation of the aforesaid order is expected to have no impact on the financial performance of the Company, nor will it result in damages. Premier Explosives Ltd issued the update detailing the cancellation of the export order.
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