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Tuesday, July 17, 2012

Premier Explosives Ltd BUY

Premier Explosives (PEL) manufactures the entire range of explosives and accessories for the civil/defence requirement. PEL’s two plants are located in a mining area (close to Singareni Collieries) in Andhra Pradesh and enjoy the benefit of being close to the end-users. Its two other plants are located at Maharashtra and Madhya Pradesh. It produces solid propellants and critical components that power missiles, including the recent Agni-IV, has expanded its production facilities.
Its product range includes Pyro Cartridges, Special type squibs, Smoke markers, Mob, Control devices, etc., and High energy materials like CL-20, CR Compound and HNS and bulk explosives. The products go to the energy, mining, infrastructural development and defence & space sector.
 
Expansion:
During FY10, an additional facility was commissioned at Neyveli, which started production from October 2009. It also established an 800 kW wind mill in Pushpathur village in Tamil Nadu.
PEL recently completed a new expansion project, with an investment of `10 crore added to its existing manufacturing unit at Peddakandukuru in Nalgonda district of Andhra Pradesh. It will cater to the needs of tactical missiles like the Nag, Astra, Akash, and Pinaka. The present facility for tactical missiles was an attempt to help the country reach self-reliance in defence supplies.
SOURCE :SUNIDHI

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