Premier Explosives share price slumps 6% after Telangana factory closure notice | Stock Market News

Premier Explosives s price fell nearly 6% during Tuesday’s trading session following a factory closure notice from the Telangana Pollution Control Board. The firm announced that it had been issued a directive from the Telangana Pollution Control Board in Hyderabad, Telangana, to immediately halt all operations at its factory located in Katepally Village, Motakondur Mandal, Yadadri-Bhuvanagiri District, Telangana.

An incident involving a fire and explosion took place on April 29, 2025, resulting in the deaths of three individuals and injuries to six others.

The company is pursuing all necessary actions with the Telangana Pollution Control Board to regain its operating consent as soon as possible.