The Board of GOCL Corporation at its meeting held on 08 November 2024 has approved the request of Hinduja National Power Corporation for issue of security up to an amount of Rs.450 crore. With this, the amount of HNPCL`s loans secured on the land parcels of GOCL, would be reduced from Rs. 1,096.10 crore to Rs. 450 crore. The Company would be entitled to a commission/charge of 1.50% p.a. Earlier, HNPCL prepaid its Corporate Loan (originally of Rs.1,000 crore and subsequently enhanced to Rs.1,096.10 crore) by availing refinancing of Rs.450 crore from another lender. Powered by Capital Market - Live News

Net profit of GOCL Corporation declined 65.39% to Rs 5.44 crore in the quarter ended September 2024 as against Rs 15.72 crore during the previous quarter ended September 2023. Sales declined 21.76% to Rs 127.74 crore in the quarter ended September 2024 as against Rs 163.27 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales127.74163.27 -22 OPM %-14.264.82 - PBDT10.6831.06 -66 PBT4.7127.96 -83 NP5.4415.72 -65 Powered by Capital Market - Live News

GOCL Corp. will hold a meeting of the Board of Directors of the Company on 8 November 2024.Powered by Capital Market - Live News

GOCL Corp. announced that the Annual General Meeting (AGM) of the company will be held on 24 September 2024.Powered by Capital Market - Live News

Net profit of GOCL Corporation rose 198.11% to Rs 36.25 crore in the quarter ended June 2024 as against Rs 12.16 crore during the previous quarter ended June 2023. Sales declined 11.63% to Rs 174.28 crore in the quarter ended June 2024 as against Rs 197.22 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales174.28197.22 -12 OPM %-5.36-2.19 - PBDT80.3115.53 417 PBT75.1012.64 494 NP36.2512.16 198 Powered by Capital Market - Live News