Premier Explosives Updates On Entering Into Memorandum Of Agreement With Indian Air Force
2018-12-14 Business Deals / Tie-ups Chemicals & Petrochemicals Southern India
Premier Explosives limited has entered into a Memorandum of Agreement (MoA) with Indian Air Force, New Delhi for Design and Development of Chaffs and Flares. During Prototype Development Phase, the project comes under 'Make 11 (Industry Funded)' and thereafter, during the Procurement Phase, comes under 'Buy (Indian -lOOM)' category. The project is to be executed within 52 weeks at the company's cost. The company is eligible for protection of Intellectual Property Rights (IPR) as per Defence Procurement Policy 2016.