Mumbai. 06 January, 2016. Indian company Premier Explosives Limited (PEL) has signed a MOU with  Israel Aerospace Industries (IAI),  and  has filed in the Bombay Stock Exchange. Currently PEL is only Indian private entity designing, developing and manufacturing solid propellants for Indian missiles like Akash, Astra, etc.
Amongst many firsts, PEL is the first company in the world to produce safer and greener NHN (Nickel Hydrazine Nitrate) detonators on commercial scale replacing ASA (Lead Azide, Lead Styphnate and Aluminum Powder) detonators. PEL is operating and maintaining a State-of-Art Chemical Manufacturing facility of Indian Space Research Organisation (ISRO) at Sriharikota and Solid Fuel Complex of Advanced Systems Laboratory at Jagdalpur.
PEL’s R&D facility is recognised by the Council for Scientific and Industrial Research (CSIR), Government of India, as an established research centre. It is also recognised as a research base for Ph.D. work by Gulbarga University, Karnataka. Further, PEL has collaboration with IIT, Madras and Gulbarga University for research in high energy materials.