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GOCL Corporation Secures Rs.766 Crore Order From Coal India Limited For Supply Of Bulk Explosives

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GOCL Corporation Secures Rs.766 Crore Order From Coal India Limited For Supply Of Bulk Explosives

Posted on : 10-10-2023 | Author : India Education Diary Bureau Admin

Photo by GOCL

IDEL Explosives Limited (IDLEL), a wholly owned subsidiary of GOCL Corporation Limited, a prominent energetics, explosives, and mining services firm, has secured its largest-ever contract from Coal India Limited (CIL) for the supply of bulk explosives. This substantial order is valued at Rs. 766 crore and will be executed over a two-year period, commencing in October 2023 and concluding in October 2025.

This remarkable achievement represents a significant milestone for GOCL, marking the largest single order in the company's history. It serves as a testament to GOCL's exceptional track record in providing top-quality explosives and mining services to CIL. Notably, this new order reflects a substantial 58% increase in quantity compared to the previous order, leading to significantly enhanced asset capacity utilization.

Mr. Pankaj, MD & CEO of GOCL Corporation Limited, expressed his pride regarding the contract win, stating, "Securing this prestigious order from Coal India Limited is a testament to our unwavering commitment to delivering exceptional quality and services to the Indian coal mining sector. It underscores our position as a leading supplier in the industry. We are dedicated to executing this contract with the utmost precision and maintaining standards that not only meet but consistently surpass the high expectations set by CIL."

The company specializes in manufacturing a comprehensive range of packed and bulk explosives designed specifically for mining and infrastructure projects. With its cutting-edge products, the company caters to clients in both national and international markets, including East and West Africa, the Middle East, East Asia, Europe, South America, and more.