Premier Explosives Limited

Premier Explosives on Wednesday said it has received interim approval from Andhra Pradesh Industrial Infrastructure for setting up a plant located on 202 acres of land in Chittoor district to manufacture solid propellant. The company has accepted the offer and will take necessary steps for firm allotment of land and set up the unit, the company said in a filing to the exchanges. Shares of Premier Explosives gained 2.6 per cent at ₹374.65 on the NSE.