Premier Explosives shares jump 11% after positive development on Telangana plant
Published on 17/09/2025 11:23 AM
Premier Explosives shares jump 11% after positive development on Telangana plantThe facility had been shut since April 29, 2025, following a fire and explosion at the solid propellant mixing building that tragically claimed three lives and left six others injured.By CNBCTV18.com September 17, 2025, 11:23:52 AM IST (Published)1 Min ReadShares of Premier Explosives Ltd. surged as much as 11% on Wednesday, September 17, after the Telangana Pollution Control Board (TGPCB) revoked its closure order on the company's Katepally factory, allowing production activities to resume.
The facility had been shut since April 29, 2025, following a fire and explosion at the solid propellant mixing building that tragically claimed three lives and left six others injured.
The closure order, initially expected to be resolved by the end of May, has now been lifted.
In its earnings calls for Q4FY25 and Q1FY26, the company clarified that the financial impact of the accident was limited. Only one area of the propellant line was affected, while most tactical missile production, carried out at the Peddakundukur facility in Telangana, remained unaffected.
The main impact was on the production of large-diameter rocket motors, supplied to agencies such as ASL and ISRO, with revenue losses estimated at ₹25-30 crore spread over two years. Premier Explosives said that it will take roughly two years to rebuild the damaged buildings.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsshare market today