Premier Explosives gets solid propellant manufacturing license
  • WebDesk BTVI
  • Aug 30 2019

A N Gupta, Chairman & Managing Director, Premier Explosives, speaking to BTVI on the company receiving solid propellant manufacturing license for its Katepally greenfield project, near Hyderabad, said only defence products like RDX, ammunitiion would be manufactured at the facility, expects to add about Rs 300 crore revenue, and clarifies though they do not face liquidity problem, their commercial business is not giving adequate margins.