GOCL Corp Shares Hit 52-Week High as Subsidiary Baggs an Order From Coal India

GOCL Corp Shares Hit 52-Week High as Subsidiary Baggs an Order From Coal India
GOCL Corp Shares Hit 52-Week High as Subsidiary Baggs an Order From Coal India

 

GOCL Corp shares price hit a 52-week high of Rs 537 on October 9 after the subsidiary announced that it had bagged an order from Coal India,

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IDL Explosives Ltd, a wholly owned subsidiary of the company, has been awarded a contract to supply bulk explosives from Coal India.

The company said in a regulatory filing that the explosives in question will be delivered over a two-year period from October 2023 to October 2025.

The total order value is 766 million rupees.

The company is engaged in the production of industrial explosives, lubricants, mineral products, active pharmaceutical ingredients, specialty oils and chemicals, and pharmaceutical formulations. The company operates in the industrial explosives, lubricants, mining and infrastructure contracts, and real estate development sectors.

At 11:10 am, shares of GOCL Corp Ltd were trading at Rs 518.85 on the NSE, 0.58% higher than its previous closing price.

 

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