Premier Explosives explodes on would be listing on NSE
DSIJ Intelligence / 16 Jun 2016
Premier Explosives (PEL) will be listed on National Stock Exchange (capital market segment) with effect from June 17, 2016.
Premier Explosives (PEL) will be listed on National Stock Exchange (capital market segment) with effect from June 17, 2016. The exchange further clarified shares of PEL shall be traded in the normal market segment (rolling settlement) in compulsory demat for all investors.
June 13, PEL won an order of Rs 72.95 crore for the supply of SMS/SME explosives, LCD explosives and accessories for use in blasting, for OB removal work at all the open cast projects of the Singareni Collieries Company Limited for a period of 2 years i.e. from 2016 to 2018.
The share price of PEL has increased by 9.38 per cent on bourses in early trades; and closed at Rs 390 on an intraday basis.
PEL is in the manufacturing of explosives and accessories. The company is engaged in the manufacture and sale of industrial explosives, defence products, and generation and sale of wind power. It operates in two segments viz. Explosives and Accessories, and Wind power. Its manufacturing and research and development facilities are located at Peddakandukuru village in Nalgonda district of Telangana with other manufacturing units located in Madhya Pradesh, Maharashtra and Tamilnadu.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.