Premier Explosives shares in focus on nod to reopen factory in Telangana
The closure was revoked for three months upon payment of Rs 6,75,000, stock exchanges were informed on June 3, 2025.
- Jun 4, 2025,
- Updated Jun 4, 2025 9:17 AM IST
Shares of Premier Explosives are in news today after the Telangana Pollution Control Board has lifted its previous closure order on Premier Explosives' factory following a fatal explosion in April. The explosion, which occurred in the propellant mixing building on 29 April at approximately 4.55 p.m., tragically resulted in the deaths of three individuals and injuries to six others. Additionally, significant damage was sustained by the building and machinery. Initially, the plant's closure was mandated on 7 May, but this order has now been revoked for a period of three months, contingent upon the payment of an environmental compensation fee amounting to Rs 6,75,000. The factory is located in Katepally Village, Motakondur Mandal, within the Yadadri-Bhuvanagiri district.
Premier Explosives communicated this development to the stock exchanges on 3 June 2025, following the receipt of an official order from the Telangana Pollution Control Board dated 2 June. The company has been under significant scrutiny due to the incident, particularly concerning safety protocols and environmental standards. The revocation of the closure order allows the factory to resume operations, albeit under the condition of improved safety measures and compliance with environmental regulations as mandated by the board.
The explosion has highlighted critical safety and operational concerns within the industry. While the immediate impact has been addressed with the payment of environmental compensation, longer-term implications for Premier Explosives include potential reputational damage and the necessity to enhance safety protocols. The factory's reopening is closely monitored by both local authorities and industry regulators to ensure compliance and prevent future incidents. This situation underscores the importance of adherence to stringent safety measures in industrial operations, particularly in high-risk sectors like explosives manufacturing.
Premier Explosives manufactures high-energy materials and allied products for the defence, space, mining and infrastructure industries. It develops and manufactures solid propellants for rockets and strap-on motors for satellite launch vehicles.
Shares of Premier Explosives are in news today after the Telangana Pollution Control Board has lifted its previous closure order on Premier Explosives' factory following a fatal explosion in April. The explosion, which occurred in the propellant mixing building on 29 April at approximately 4.55 p.m., tragically resulted in the deaths of three individuals and injuries to six others. Additionally, significant damage was sustained by the building and machinery. Initially, the plant's closure was mandated on 7 May, but this order has now been revoked for a period of three months, contingent upon the payment of an environmental compensation fee amounting to Rs 6,75,000. The factory is located in Katepally Village, Motakondur Mandal, within the Yadadri-Bhuvanagiri district.
Premier Explosives communicated this development to the stock exchanges on 3 June 2025, following the receipt of an official order from the Telangana Pollution Control Board dated 2 June. The company has been under significant scrutiny due to the incident, particularly concerning safety protocols and environmental standards. The revocation of the closure order allows the factory to resume operations, albeit under the condition of improved safety measures and compliance with environmental regulations as mandated by the board.
The explosion has highlighted critical safety and operational concerns within the industry. While the immediate impact has been addressed with the payment of environmental compensation, longer-term implications for Premier Explosives include potential reputational damage and the necessity to enhance safety protocols. The factory's reopening is closely monitored by both local authorities and industry regulators to ensure compliance and prevent future incidents. This situation underscores the importance of adherence to stringent safety measures in industrial operations, particularly in high-risk sectors like explosives manufacturing.
Premier Explosives manufactures high-energy materials and allied products for the defence, space, mining and infrastructure industries. It develops and manufactures solid propellants for rockets and strap-on motors for satellite launch vehicles.