In a significant development, GOCL Corporation wins order as IDL Explosives Limited (IDLEL), a subsidiary of GOCL Corporation Limited (GOCL) specializing in energetics, explosives, and mining services, has clinched its largest-ever order from Coal India Limited (CIL). This substantial order, valued at Rs. 766 crore, is slated for execution over a two-year span, commencing from October 2023 and concluding in October 2025.
This landmark deal stands as a testament to GOCL’s prowess, constituting the single largest order in the company’s annals. It highlights GOCL’s distinguished track record in delivering top-notch explosives and mining services to CIL. Remarkably, this fresh contract reflects a noteworthy 58% surge in volume compared to the prior arrangement, thus leading to a significant boost in asset capacity utilization.
Expressing his elation over this achievement, Mr. Pankaj, MD & CEO of GOCL Corporation Limited, remarked, “Securing this esteemed contract from Coal India Limited underscores our steadfast dedication to furnishing superlative quality and services to the Indian coal mining sector. It reaffirms our stature as a preeminent supplier in the industry. We are wholeheartedly committed to executing this agreement with utmost precision, consistently surpassing the high benchmarks set by CIL.”
The corporation boasts a comprehensive portfolio encompassing both packed and bulk explosives, meticulously engineered for mining and infrastructure ventures. Leveraging its state-of-the-art products, the company caters to clientele across domestic and international landscapes, including regions in East and West Africa, the Middle East, East Asia, Europe, South America, and beyond.
About GOCL Corporation:
GOCL Corporation Limited is a multifaceted company offering a range of services, including energetics, mining, and infrastructure development. The company’s diverse portfolio includes the production and distribution of explosives, detonators, explosive bonded metal clads, and specialized devices for defense and space applications. Additionally, GOCL Corporation is involved in coal and limestone mining and provides property development services. With a global reach, GOCL Corporation serves customers from around the world.
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