~Order will be executed in next 2 years starting October 2023 ensuring optimum capacity utilisation of assets ~
~The new order will account 58% increase in the quantity over the previous order~
New Delhi, October 9, 2023: IDL Explosives Limited (IDLEL), a wholly-owned subsidiary of GOCL Corporation Limited (GOCL), and a leading energetics, explosives and mining services company, has today bagged its largest ever order from Coal India Limited (CIL) for the supply of bulk explosives. The order, worth Rs.766 crore will be executed over a period of two years, from October 2023 to October 2025.
This order represents a remarkable milestone for GOCL, marking the largest single order in the company’s history. It serves as a resounding testament to GOCL’s exemplary track record in delivering top-tier explosives and mining services to CIL. Notably, this new order signifies a substantial 58% increase in quantity compared to the previous order, resulting in significantly enhanced asset capacity utilization.
Commenting on the order win, Mr. Pankaj, MD & CEO of GOCL Corporation Limited, expressed his pride, saying, “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 manufactures a full range of packed and bulk explosives specially engineered for mining and infrastructure projects. With its cutting edge products, the company serves its clients both in national and international markets such as East and West Africa, middle east, east Asia, Europe and South America etc.
