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GOCL Corp Shares Hit 52-Week High as Subsidiary Bags an Order From Coal India

The total value of the order stands at Rs 766 crore.

GOCL Corp shares hit a 52-week high of Rs 537 on 9 October after the company announced that its subsidiary secured an order from Coal India.

A wholly-owned subsidiary of the company, IDL Explosives Ltd, has secured an order from Coal India for the supply of bulk explosives.

The company said in its regulatory filing that the said explosives are to be supplied over a period of 2 years from October 2023 to October 2025.

The total value of the order stands at Rs 766 crore.

The company is engaged in the business of manufacturing industrial explosives, lubricants, mining products, active pharma ingredients, speciality oils and chemicals, and pharma formulations.

The company has its operations in the industrial explosives segment, lubricants segment, mining and infrastructure contracts segment, and property development segment.

At 11:10 am, the shares of GOCL Corp Ltd were trading at Rs 518.85 or 0.58% above its previous close on NSE.

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