India's Premier Explosives extends fall after closure order for Telangana factory

Premier Explosives

13/05/2025 07:40

** Shares of Premier Explosives PRMR.NS fall 2.8% to 439.05 rupees

** Defence products maker received closure orders from Telangana Pollution Control Board on Monday to stop all industrial activities with immediate effect at its Katepally factory

** PRMR dropped 5.8% on Monday

** PRMR shares down 13.5% in 2025 so far, after logging gains in each of the previous four years since its stock market debut, according to exchange data

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))