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Premier Explosives bagged ₹429.6 crore worth of orders from the Ministry of Defence to supply chaffs and flares to the Indian Air Force. The stock shot up nearly 4% following the announcement.
Chaffs and flares are safety tools used by fighter jets and military aircraft to protect themselves from enemy missiles.
Why it matters: this deal shows India’s growing ability to produce advanced military tech at home. Until a few years ago, critical aircraft safety systems like chaffs and flares were largely imported from foreign defence suppliers, making India dependent.
Now, with companies like Premier Explosives mastering this technology locally, India is taking a big step toward defence self-reliance under the Atmanirbhar Bharat mission.
Zoom out: India’s missile countermeasure systems market which includes technologies like chaffs, flares, and electronic warfare systems is growing rapidly as the country focuses on modernising its armed forces and reducing import dependence.
DRDO has already developed indigenous chaff and flare systems, which are now being produced by companies like Premier Explosives and Bharat Dynamics for the Indian Air Force and Navy.
The broader defence countermeasure market in India estimated at around $1.5 billion in 2025 is expected to grow steadily as India increases spending on electronic warfare, aircraft survivability, and missile defence systems.
