On June 4, 2025, Premier Explosives share price jumped 6% to ₹613 after the Telangana State Pollution Control Board (TSPCB) granted permission to restart operations at its Telangana factory for a 3-month period. This decision came after the company paid an environmental compensation of ₹6.75 lakh.

In a stock exchange filing, Premier Explosives stated that it received the official order dated June 2, 2025, revoking the earlier closure notice issued on May 7, 2025. The affected facility is located in Katepally Village, Motakondur Mandal, Yadadri-Bhuvanagiri District. The company committed to fully complying with all terms and conditions set in the order and said production would resume soon.

Background: Safety Concerns and Setbacks

Earlier this year, the Telangana plant was involved in multiple fire accidents. One incident in late April led to the deaths of 3 people and injured 6, while another in January resulted in 1 death and 1 injury at a different facility.

Financial Performance

Premier Explosives reported a 45% decline in net profit to ₹3.75 crore in the March 2025 quarter, with revenue dropping 15% YoY to ₹74 crore.

Key Business and Global Reach

The company is a major manufacturer in the defence and aerospace sectors, producing explosives used in mining and infrastructure. It exports to countries like Israel, Greece, Jordan, and Thailand and also supplies solid propellants for ISRO's satellite launch vehicles.

Read More: Did Coforge Shares Really Hit a 52-Wk Low Today, June 4? Here's What Actually Happened.

Premier Explosives Share Price Performance

Despite setbacks, the Premier Explosives share price has seen strong momentum. It rose 24% in April and another 39% in May. Over the last 3 years, shares have surged 850%, and over 5 years, an impressive 4,200%.

Conclusion

The reopening of its Telangana plant has revived investor confidence in Premier Explosives, despite recent operational and safety challenges. With a robust order book, global presence, and contributions to India’s space program, the company remains a key player in defence and aerospace.

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