Support and Resistance Levels
Past performance
About GOCL Corporation Ltd GOCL Corporation Limited, founded in 1961 as Indian Detonators Ltd., operates in multiple sectors including commercial explosives, energetics, mining chemicals, accessories, and real estate. The company has a significant presence in India with production centers in Hyderabad, Rourkela, and Bhiwandi, and a diverse range of operations in lubricants, building products, specialty chemicals, floriculture, and wind energy. Over the years, it has expanded through strategic joint ventures and acquisitions, such as the merger with Gulf Oil India Ltd in 2002, and acquiring a stake in Houghton International Inc in 2012.
The company underwent significant restructuring, including the demerger of its Lubricants Undertaking to form Gulf Oil Lubricants India Limited, which is listed on Indian stock exchanges. GOCL Corporation has a strong foothold in the explosives industry and has diversified into infrastructure and mining services, with contracts in coal and uranium mining. It is a subsidiary of Hinduja Power Limited, which holds a majority stake, and continues to innovate, as evidenced by the launch of its Electronics Group in 2020.