Premier Explosives Ltd. share price declined after a blast at its facility in Telangana claimed the life of one worker. This is the second such blast at this unit, which has raised questions about safety measures.
A massive explosion at Premier Explosives Company in Peddakandukuru, Yadadri district, caused an alarm, NDTV reported. A worker has lost his life in the incident.
Preliminary investigations suggest that the blast has occurred due to a pressure valve leak. Now, authorities are investigating the cause of the blast to prevent future incidents.
Premier Explosives' share price fell as much as 1.39% to Rs 427 apiece. It was trading 0.77% down at Rs 429.65 apiece as of 11:45 a.m., as compared to a 0.10% decline in the NSE Nifty 50 index.
The stock declined 26.94% in 12 months and 17.69% on a year-to-date basis. The relative strength index was at 25.34.
RECOMMENDED FOR YOU
Premier Explosives Stock Jumps Nearly 10% As Company Bags Order Worth Rs 190 Crore
Aug 04, 2025
Telangana Plant Explosion: Death Toll Rises To 36
Jul 01, 2025
Breaking News Live: Four Dead In Manipur Shootout; 13 New Covid Cases In Maharashtra
Jun 30, 2025
Sigachi Industries Shares Plunge As Reactor Blast In Telangana Causes At Least Eight Deaths
Jun 30, 2025
POPULAR