Defence stock in focus after it signs JV agreement with Nibe group for manufacturing of defence and aerospace productsDefence stock in focus after it signs JV agreement with Nibe group for manufacturing of defence and aerospace products

Introduction:

Defence stock has entered into a joint venture with a subsidiary of NIBE Ordnance and Maritime Limited to manufacture defence and aerospace products. The collaboration focuses on a 51:49 shareholding structure and aims to enhance capabilities in the sector with balanced governance.

Share Price movement of Premier Explosives:

On March 11, 2025, Premier Explosives Limited opened at ₹326.3, reaching a high of ₹333.75 and a low of ₹324.0, down 2.37% from its previous close of ₹338.0. The stock is currently trading at ₹330.0, with a market cap of ₹1774.12 crore.

Premier Explosives share price rise:

Premier Explosives Limited (PEL) has entered into a Joint Venture Agreement and Shareholders Agreement with Global Munition Limited (GML), a subsidiary of NIBE Ordnance and Maritime Limited. The agreement is aimed at manufacturing defence and aerospace products, with both companies collaborating on this venture.

The shareholding in the joint venture company will be divided as follows: GML will hold 51%, and PEL will hold 49%. The board will consist of five directors, with GML having the right to nominate three directors and PEL two, ensuring a balanced governance structure.

The joint venture will focus on manufacturing products in the defence and aerospace sectors, and both companies will appoint key managerial positions. The agreement does not involve any related party transactions, and shares are issued at a face value of ₹10 each.

Also Read:  Plastic manufacturing stock in focus after it company to acquire pipe business of Wavin Industries for ₹262 Cr

Stock performance of Premier Explosives for Period of 1 week, 6 months and 1 year:

Over the past week, Premier Explosives stock rose by 1.99%. However, over the past 6 months, it experienced a decline of 41.0%. In the last year, the stock showed a positive performance with a return of 17.6%.

Also Read: Pharma stock hits 5% lower circuit after EDQM and AEMPS find 4 critical observations in its manufacturing unit

Shareholding pattern of Premier Explosives:

All values in %	Dec-24	Sept-24	Jun-24
Promoters	41.33	41.33	41.33
FII	0.39	0.36	0.62
DII	8.20	8.37	9.44
Retail & others	50.08	49.93	48.59

About Premier Explosives:

Premier Explosives Limited (NSE:PREMEXPLN) is a leading manufacturer of explosives and related products for the defence, aerospace, and mining sectors. The company specializes in providing high-quality, reliable solutions, focusing on innovation and safety, while expanding its global presence through strategic partnerships and projects.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.