The stock of GOCL Corporation flooded up to 5 per cent on Friday after its entirely possessed auxiliary, IDL Explosives, won an order to supply accessories and explosives worth Rs 186.8 crore from Singareni Collieries.
Singareni Collieries Company is a PSU situated in Telangana. The previously mentioned order comprises of the supply of SMS/SME explosives and huge breadth cartridge (LDC) explosives and extras, which are to be finished in a time of two years. The expense of the task likewise incorporated an acceleration condition, the organization added in a filing to the Bombay Stock Exchange.
GOCL Corporation is occupied with the assembling of industrial explosives, mining items, greases, strength oils and synthetics, dynamic drug fixings (mass medications), and pharmaceutical details.
At 1.50 pm IST on Friday, the share of GOCL Corporation was exchanging at Rs 188.65, up by 4.81% or Rs 8.65 per share on the BSE, against a 0.46 per cent gain in the benchmark indices. The 52-week high and low is recorded at Rs 315 and Rs 111 respectively on the BSE.
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