Gulf Oil Corporation Ltd.
Gulf Oil Corporation Limited (GOCL) started its journey as Indian Detonators Ltd. (IDL) in 1961, in Hyderabad. With increase in various activities, it was renamed a couple of times until it took on its present name in 2002. The Company has been listed on the Bombay Stock Exchange (BSE) since 1967 and currently has 55,721 shareholders. Today, GOCL is a multi-division, multi-location company with successful businesses in commercial explosives (through its subsidiary IDL Explosives Ltd.), detonators, mining chemicals and accessories, infrastructure contracts, and land development.
The Company, along with its wholly owned subsidiary IDL Explosives Ltd., has received long term Stable rating of [ICRA] BBB and short term rating of [ICRA] A3+. All the Divisions and IDL Explosives Ltd. are ISO 9001, ISO 14001 and OHSAS 18001 certified, thereby integrating management systems covering quality, occupational health, safety and environmental standards.
The Division manufactures plain detonators, general and permitted category instantaneous and delay electric detonators, non-electric delay detonators for in-hole and surface use, detonating relays, electronic programmable detonators, detonating cords having PETN core of 4 to 80 grams per meter and cast boosters. The Division's special products group designs and manufactures initiators and pyrotechnic devices for special applications by defense, space and other agencies. These products meet the stringent 'six-sigma' standards.
The Division's indigenously designed electronic detonator e-DET is the choice of many surface coal mines for carrying out cautious blasts for abatement of ground vibrations.
Special Products Group
SPG was created to cater to the use of precision pyrotechnics and high energy products in non-mining applications needs, especially Space and Defense. The methodology and processes designed and adopted ensures that products meet customer needs within time-bound and cost effective parameters.Strict confidentially is maintained during development, product trials and production. Due to its track record, the Group has earned registrations with defense research units and laboratories.
Mining and Infrastructure Division
Being a commercial explosives major, the Company diversified through this Division into large scale mining services. It executes large projects for coal mining companies. lt has developed a major presence in the growing iron ore mining sector in Orissa and Karnataka. Operations in uranium and limestone mines have further enhanced the Division's portfolio. The Division has also completed major projects involving building underground railway stations and tunnels for the Delhi Metro, quarrying and road building activities for the National Highway Authority of lndia and handling phases of major irrigation projects.
The Division is developing the Company's Bangalore property of 40 acres in association with Hinduja Realty Ventures Limited (HRVL). The development consists of 30 acres IT / ITES SEZ park and 10 acres of hotel / hospitality / retail clusters. The total development of 5.05 million square feet is being done at an investment of Rs. 1800 crore (US $ 30 million). The Hyderabad property will be developed in phases. In the first phase, 76 acres are being developed through an agreement with HRVL. The total development is expected to be of around 10.50 million square feet. Land parcels at Bhiwandi, near Mumbai and Vishakhapatnam in Andhra Pradesh are also planned for development.
This is effected mainly through exclusive distributor / agency network for regions such as the Middle East, Europe, Africa and neighbouring countries. Deliveries are mainly through the sea route since air freight is not allowed under Indian law. Small quantities are exported through land route to Nepal, Bhutan and Bangladesh, the Company is a 'Recognised Export House' by the Government of lndia and has won numerous awards for 'Excellence in Exports'.
IDL Explosives Ltd. (100% subsidiary)
The IDL Explosives plant at Rourkela manufactures the complete range of commercial slurry and emulsion explosives which include general purpose small and large diameter slurry explosives, small diameter P1, P3 & P5 category permitted slurry explosives, general purpose cartridge and pumpable emulsion explosives for mining of coal, iron ore, limestone, copper, zinc and infrastructural operations. In another six bulk explosives plants, pumpable emulsion explosives are manufactured.
Metal Cladding Group
Metal Cladding Group produces explosive bonded metal composites and hardened structurals used in chemical, space, nuclear, hydrocarbon and heavy transportation industries. The state of the art technology is used for metallurgical bonding of dissimilar metals like Nickel and Nickel alloys, various grades of HASTELLOY, Copper and Copper alloys, Titanium, stainless steel, Niobium, Aluminum on carbon steel / alloy steel and other ductile metals using customised bouquet of explosives.
EXPLOBOND (registered trademark) clad steel plates are normal steel plates clad on one or both sides with a relatively thin layer of corrosion, heat or abrasion resistant alloy. These find application in the fabrication of chemical I process equipment such as pressure vessels, heat exchanger tube sheets, shells, channel covers, columns and reaction vessels. The products of the Group are Type & Class approved from the American Bureau of Shipping and Lloyds' Registrar.
Enquiries can be made via:
Gulf Oil Corporation Ltd (GOCL)
Sanatnagar (lE) P.O.
Hyderabad – 500018
Tel: +91-40-23810671 to 70