Coal news and updates

GOCL secures order from Singareni Collieries & HAL

GOCL Corporation, a Hinduja Group ompany and a manufacturer of energetics and commercial explosives in India, has secured Rs 415 crore deal from Singareni Collieries Company (SCCL). Singareni Collieries is a government-owned-coal mining corporation.

Through this deal, GOCL will supply a range of equipment for a span of two years (2022-2024) across its operations. The supplies will include delivery of bulk explosives worth Rs 351 crore, LD explosives worth Rs 42 crore and accessories worth Rs 21 crore approximately. The order resulted in a 40% price hike over the base price and a 5% relaxation in the powder factor penalty clause.

GOCL Corp has also recently received a purchase order from Hindustan Aeronautics, an Indian state-owned aerospace and defence company to supply Canopy Severance Systems (CSS) worth Rs 19 crore. This has emerged as the single largest order received by the Special Products Group of GOCL Corp.

Pankaj Kumar, CEO, GOCL, said, “GOCL is committed to ‘Make in India’ philosophy and is working towards developing indigenous products and services for the nation.”

GOCL’s Energetics Division is focused on developing value-added products, non-electric detonators and boosters, and the company is well on track with its ongoing transition from electric to electronic detonators, in line with government recommendations and evolving customer requirements.