GOCL Corp locked at 20% upper limit as arm bags Rs 592 cr Coal India order
Shares of GOCL Corporation (formerly Gulf Oil Corporation) were locked at the 20 per cent upper circuit at Rs 328.50, also its 52-week high on the BSE on Monday, after the company announced order win worth of Rs 592 crore from Coal India.
IDL Explosives Limited (IDLEL), a wholly-owned subsidiary of the company, bagged order worth of Rs 592.45 crore from Coal India, a Government of India undertaking for supply of bulk explosives, to be supplied over a period of 2 years i.e. from October 2021 to October 2023, GOCL Corporation said in an exchange filing.
The trading volume at the counter jumped nearly five-fold with a combined 895,000 equity shares changing hands till 12:50 pm.
