Premier Explosives shares shot up by a solid 10% upper circuit to ₹567 in early trading on Monday, December 16, the company has signed an MoU with Global Munition Limited, a subsidiary of NIBE Ordnance and Maritime, to create a joint venture focused on defence and aerospace manufacturing. In another significant move, Premier Explosives bagged a substantial ₹89.20 crore order from Singareni Collieries for supplying a range of explosives and accessories over the next two years. Premier Explosives is deeply embedded in India’s defence and space initiatives, producing solid propellants for missiles like Astra, Akash, and Agni, along with pyrotechnic devices and countermeasures. Its contributions to ISRO are equally notable, as it supplies key materials for satellite launch vehicles.