GOCL bags Rs 592cr order for bulk explosives from Coal India

Gulf Oil Corporation (GOCL) said that its fully-owned subsidiary — IDL Explosives Limited (IDLEL) has secured an order from Coal India Limited worth INR 592.45 crores.

As per the order, IDL Explosives will be responsible for supplying bulk explosives over a period of two years from October 2021 to October 2023.

GOCL is the chemicals business of the Hinduja Group, which was formed after the merger between Gulf Oil India Limited and IDL Industries Limited. The company is based in Hyderabad.