GOCL Corp locked at 20% upper limit as arm bags Rs 592 cr Coal India order

IDL Explosives, a wholly-owned subsidiary of the Company, has bagged order worth of Rs 592.45 crore from Coal India, for supply of bulk explosives, to be supplied over a period of 2 years.

Shares of GOCL Corporation (formerly Gulf Oil Corporation) were locked at the 20 per cent upper circuit at Rs 328.50, also its 52-week high on the BSE on Monday, after the company announced order win worth of Rs 592 crore from Coal India.

IDL Explosives Limited (IDLEL), a wholly-owned subsidiary of the company, bagged order worth of Rs 592.45 crore from Coal India, a Government of India undertaking for supply of bulk explosives, to be supplied over a period of 2 years i.e. from October 2021 to October 2023, GOCL Corporation said in an exchange filing.

The trading