Premier Explosives Limited has secured a significant order worth Rs. 429.56 crore from the Indian Ministry of Defence for the supply of chaffs and flares to the Indian Air Force, to be fulfilled within the next 12 months. This contract, which has boosted the company’s stock by nearly 7%, underscores its growing role in India’s defense manufacturing, supporting the government’s push for indigenous production. Established in 1980, Premier Explosives specializes in high-energy materials and has demonstrated strong financial performance, with significant profit growth and a healthy return on investment. This development not only enhances India’s self-reliance in defense systems but also strengthens the domestic defense industry, aligning with the broader strategic goal of reducing dependence on foreign military supplies.