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Oct 09, 2021 :GOCL Wholly Owned Subsidiary, IDL Explosives Limited, IDLEL, bags order worth Rs. 592 crores from CIL
October 11, 2021 at 01:12 am EDT
GOCL Corporation Limited
October 9, 2021
Registered Office
IDL Road, Kukatpally,
Hyderabad-500 072
Telangana, India
T: +91 (40) 23810671-9
+91 (40) 23813860, 23700747 info@goclcorp.com
W:http://www.goclcorp.com CIN: L24292TG1961PLC000876
BSE Limited
National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers
Exchange Plaza, C-1, Block G,
Dalal Street
Bandra Kurla Complex
Mumbai- 400 001
Bandra (E), Mumbai- 400 051.
Fax: 022-22723121/2027/2041/2061/3719
Fax: 022-2659 8237/38, 2659 8347/48
Through: BSE Listing Center
Through: NEAPS
Dear Sir,
Disclosure of Information under Regulation 30 of SEBI (LODR) Regulation, 2015-Order from Coal India Limited.
Ref: BSE Scrip code-506480, NSE Scrip symbol- GOCLCORP
Pursuant to Regulation 30 of SEBI (LO&DR) Regulations, 2015 and other applicable provisions, we hereby inform that IDL Explosives Limited (IDLEL), a wholly-owned subsidiary of the Company, has bagged order from Coal India Limited, 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. Further details are as under:
Name of the entity awarding the
Coal India Limited (CIL),
order(s)/contract(s);
Government of India Undertaking
Significant terms and conditions of
Orders are worth an aggregate amount of
order(s)/contract(s) awarded in brief;
Rs.592.45 crores for supply of Bulk Explosives
over a period of 2 years.
Whether order(s) / contract(s) have been
Domestic Entity
awarded by domestic/ international entity
1
Nature of order(s) / contract(s);
Supply of Bulk Explosives.
Whether domestic or international;
Domestic
Time
period
by
which
the
2 years
order(s)/contract(s) is to be executed;
Broad consideration or size of the
Rs. 592.45 crores
order(s)/contract(s);
Whether the promoter/ promoter group/
No. CIL is a public sector entity.
group companies have any interest in the
entity
that
awarded
the
order(s)/contract(s)?
If
yes, nature
of
interest and details thereof;
Whether the order(s)/contract(s) would fall
It is not a related party transaction.
within related party transactions? If yes,
whether the same is done at "arms length".
Thanking you.
Yours faithfully,
For GOCL Corporation Limited
Digitally signed by
ALLADI SATYANARAYANA Date: 2021.10.09 13:49:25 +05'30'
A.Satyanarayana
Company Secretary
2
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Disclaimer
GOCL Corporation Limited published this content on 09 October 2021 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 11 October 2021 05:11:02 UTC .
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GOCL Corporation Limited is an India-based company, which is engaged in the business of energetics, mining and infrastructure services and realty. The Companyâs segments include Energetics and explosives and Realty. The Companyâs portfolio includes Energetics, Explosives, Electronics, Real Estate and Special Projects. Its wholly owned subsidiary, IDL Explosives Limited, is a manufacturer and supplier of packaged and bulk explosives, specifically designed for mining and infrastructure projects. It offers a comprehensive range of explosive products, including slurry and emulsion explosives, which are available in packaged, and bulk forms. It produces initiating devices and accessories, specifically designed for mining and infrastructure projects. These devices play a crucial role in triggering explosives loaded in boreholes or on the surface. Its Metal Cladding division specializes in addressing critical industry needs through an explosive-based method of bonding dissimilar metals.
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