GOCL Corporation Ltd
NSE: GOCLCORP BSE: 506480
₹263
(1.76%)
Tue, 03 Mar 2026, 03:11 pm
Market Cap13B
PE Ratio0.89
Dividend3.81
Process Industries
Industrial Specialties
24.5KCompany History
1961
- Incorporated on 26 April at Hyderabad for manufacturing detonators and explosives.
1962
- All shares subscribed by directors and promoters.
1963
- Offered 5,000 rights shares in December 1962 in 1:2.
- Offered 15,000 shares to public in June.
1965
- Issued 15,000 right equity shares in 1:2.
1967
- Approved amalgamation of Sapeic India Ltd.
- Issued 45,000 shares to Atlas Chemical Industries.
1968
- Issued 5,000 shares to Sapeic India members and 5,000 to Atlas on amalgamation.
1969
- Acquired controlling interest in Mysore Industrial & Testing Laboratories Ltd.
1970
- Commissioned PETN project at Rourkela in February.
- Subdivided shares; issued 500,000 bonus shares in 1:2.
1972
- Dow Chemical Co. purchased 40% equity from ACI America.
- Entered collaboration agreements with Dow Chemical Co.
- Issued 43,005 shares to MIT Laboratories members on merger.
1973
- Entered agro chemicals via 100% subsidiary Pacific Chemicals Hindustan Ltd.
1974
- Received consent for 28,670 shares to collaborators.
- Changed name from IDL Chemicals Ltd.
1975
- Renamed subsidiary to IDL Agro Chemicals Ltd.
- Subsidiary ceased activities; assets transferred to parent.
- Collaborated with Nitro Nobel AB; issued 628,670 shares.
1976
- Issued 1,571,675 bonus shares in 1:1 ratio.
1978
- Created explosive cladding facilities in Hyderabad.
- Received LOI for detonating fuse and PETN; later dropped.
- Formed Rajasthan Explosives and Chemicals Ltd JV.
1979
- Established metal cladding facilities at Rourkela.
- Issued 3,143,350 bonus shares in 1:1 ratio.
1980
- Rourkela plant accident delayed modernisation; recommissioned in Q4.
1981
- Transferred MIT Laboratories division to ASTRA-IDL Ltd.
- Received industrial licence for PETN project.
1984
- Promoted Eastern Explosives & Chemicals Ltd JV.
- ASTRA-IDL Ltd JV for pharmaceuticals.
1985
- PETN commercial production delayed.
- Approved bitumen emulsions plant at Sahibabad.
- Developed sodium azide, vanillin, delay element technologies.
- Privately placed 15% NCDs with UTI.
1987
- Commissioned bitumen emulsions plant at Sahibabad.
- Associated with Coromandel Gypsum Ltd.
1988
- Commissioned mixed bulk explosives unit at Singrauli.
- Received LOI for vanillin and ethyl vanillin.
- Incorporated PFW-IDL Arom Ltd JV.
1989
- Vanillin pilot plant uneconomical.
- Entered collaboration with Dow Chemical Co.
- Developed oil field and aroma chemicals.
1990
- Suspended Bitumen Unit operations.
- JV received LOI for flavours and aroma chemicals.
- Privately placed 14% NCDs with Army Group Insurance Fund and institutions.
1991
- Coromandel Gypsum Ltd renamed IDL-Salzbau (India) Ltd.
- Received LOI for oil field chemicals project.
- Privately placed 14% NCDs with LIC Mutual Fund.
1992
- Transferred holdings in Rajasthan Explosives & Chemicals Ltd.
1993
- Proposed 25% investment in Gulf Casex India Ltd JV.
1994
- Started floriculture project in Yelahanka.
- Allotted 1,411,300 equity shares to NNIBV at premium.
1995
- Changed name to IDL Industries Ltd effective 31 October.
- Redeemed 1986 debentures held by UTI.
- Redeemed 1991 NCDs with LIC Mutual Fund.
1997
- Allotted 93,005 shares pursuant to contract and 5,215,025 bonus shares.
1998
- Wind Mill Division generated 97,733 units.
- Appointed Subhas S Pramanik as Deputy Managing Director.
1999
- Merged IDL Salzbau (India) Limited effective 31 March.
- Issued one share for every 25 ISIL shares.
- Appointed Subhas S Pramanik as Managing Director.
2000
- Agreed to AstraZeneca acquisition of 25.75% stake in Astra-IDL.
2001
- Completed transfer of 25.75% stake in Astra-IDL to AstraZeneca.
2002
- Approved merger with Gulf Oil India Ltd in 2:1 ratio.
- High Courts approved merger.
2003
- Set up Gulf Oil Bangladesh Ltd JV with Oil Bangladesh Ltd.
- Entered Malleswaram land development JV.
- Set up lubricants JV in Indonesia.
- Unveiled new car care products.
- Kukatpally plant blast killed seven workers.
- Appointed inquiry commission into blast.
2004
- Appointed RB Ananth as VP Operations.
- Acquired bulk drug manufacturing facility in Hyderabad.
2005
- Received Capexil export award for 2004-05.
2007
- Split face value from Rs. 10 to Rs. 2.
2008
- Recommended dividend of Rs. 1.50 per share.
2009
- IDL Speciality Chemicals Ltd sold API undertaking to Biocon Ltd.
2010
- Entered joint development agreement for Bengaluru Yelahanka land with Hinduja Realty Ventures Ltd.
- Issued rights shares in 1:3 ratio.
2011
- Recommended dividend of Rs. 2 per share.
2012
- Entered land development agreement with Hinduja Estates for Hyderabad.
- Acquired Houghton International Inc. for USD 1045 million.
2013
- Launched synthetic motor oil.
- Announced demerger of lubricants business.
2014
- Gulf Oil International Mauritius acquired majority stake.
- Demerged into two listed companies.
- Board recommended 125% dividend.
2015
- Changed name to GOCL Corporation Ltd.
2016
- Bagged Rs 127.71 crore supply order.
2018
- Commenced lease at Ecopolis project in Yelahanka, Bengaluru.
2022
- Amalgamated wholly owned subsidiary APDL Estates Limited.
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