Singareni Collieries Company has awarded GOCL Corporation, a Hinduja Group company and a manufacturer of energetics and commercial explosives in India, a Rs 415 crore contract (SCCL). Singareni Collieries is a coal-mining company owned by the government.
GOCL will supply a variety of equipment across its operations for two years (2022-2024) under this agreement. Bulk explosives worth Rs 351 crore, LD explosives worth Rs 42 crore, and accessories worth approximately Rs 21 crore will be delivered. The order resulted in a 40% price increase over the base price and a 5% waiver of the powder factor penalty clause.
Hindustan Aeronautics, an Indian state-owned aerospace and defence company, recently placed a purchase order with GOCL Corp for Rs 19 crore in Canopy Severance Systems (CSS). This has become the single largest order received by GOCL Corp’s Special Products Group.
“GOCL is committed to the ‘Make in India’ philosophy and is working towards developing indigenous products and services for the nation,” said Pankaj Kumar, the company’s CEO.
The Energetics Division of GOCL is focused on developing value-added products, such as non-electric detonators and boosters, and the company is on schedule to transition from electric to electronic detonators in accordance with government recommendations and changing customer needs.