SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

GOCL Corporation completes sale of IDL Explosives to Apollo Defence Industries

18 Nov 2025 Evaluate

GOCL Corporation has completed the sale of its subsidiary, IDL Explosives to Apollo Defence Industries, thus completing the divestment process approved by shareholders early this year. IDL Explosives has manufacturing facilities in Rourkela and many other locations. Apollo Defence intends to expand and strengthen the business in line with its strategic plans in the rapidly growing Defence Sector.

With the completion of this divestment process, the company and the Hinduja Group will conclude its strategic exit from the explosives and detonator business portfolio. Last year, the company ceased operations at its Hyderabad plant as the nature of the business no longer aligned with the city’s evolving metropolitan landscape. The company continues to hold substantial landbank and real estate assets across the country. It expects to complete the ongoing monetisation of its Hyderabad land in near future.

GOCL Corporation (formerly Gulf Oil Corporation) has been an industry leader in Energetics & Commercial Explosives by providing innovative solutions to its customers. 


GOCL Corporation Share Price

319.30 -6.60 (-2.03%)
24-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BASF India 3649.20
Tata Chemicals 694.10
SRF 2493.90
Pidilite Inds. 1394.35
Deepak Nitrite 1690.10
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×