Premier Explosives Limited announced the termination of a contract with an international entity for the supply of defence explosives. The cancellation occurred because the company did not receive the necessary export license from the Government of India.
Premier Explosives Limited announced the termination of a ₹18.90 Crore export order for defence explosives from an international entity. The cancellation resulted from the non-receipt of an export license from the Government of India. The company reported negligible impact on its financial performance and confirmed no damages are payable upon cancellation.