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GOCL Corporation shines as its arm bags order of Rs 375 crore from Coal India

GOCL Corporation is currently trading at Rs. 291.60, up by 10.65 points or 3.79% from its previous closing of Rs. 280.95 on the BSE.

The scrip opened at Rs. 285.60 and has touched a high and low of Rs. 291.60 and Rs. 280.45 respectively. So far 6 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 359.55 on 04-Apr-2019 and a 52 week low of Rs. 219.05 on 23-Jul-2019.

Last one week high and low of the scrip stood at Rs. 303.90 and Rs. 275.00 respectively. The current market cap of the company is Rs. 1392.74 crore.

The promoters holding in the company stood at 74.93%, while Institutions and Non-Institutions held 5.36% and 19.71% respectively.

The time period of the order to be executed is over period of 2 years i.e. by October 2021

GOCL Corporation’s wholly owned subsidiary — IDL Explosives (IDLEL) has received order worth Rs 375 crore from Coal India for supply of bulk explosives. The time period of order to be executed is over 2 years i.e. by October 2021.

GOCL Corporation is engaged in manufacturing industrial explosives, mining products, lubricants, speciality oils and chemicals, active pharma ingredients (bulk drugs) and pharma formulations.

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