GOCL Corporation has fully repaid LOC/SBLC Facility of $300 million availed in the year 2012 by the Company's UK based wholly owned subsidiary, in connection with the acquisition of Houghton International Inc. The Company has received no dues certificate from the bank which has provided the facility. The aforesaid facility was secured by way of equitable mortgage on the Company's immovable properties.
GOCL Corporation is engaged in manufacturing industrial explosives, mining products, lubricants, speciality oils and chemicals, active pharma ingredients (bulk drugs) and pharma formulations.
