GOCL Corporation Limited has announced the completion of the sale of its subsidiary, IDL Explosives Limited, to Apollo Defence Industries, marking the conclusion of the divestment process approved by shareholders earlier this year.

IDL Explosives operates manufacturing units in Rourkela and several other locations nationwide. Apollo Defence plans to expand and reinforce the business in line with its strategic objectives within the rapidly growing defence sector.

With this divestment, GOCL and the Hinduja Group complete their strategic exit from the explosives and detonators portfolio. Last year, GOCL shut down operations at its Hyderabad plant as the business no longer aligned with the city’s evolving metropolitan profile. The company retains substantial landbank and real estate assets across India and expects to complete the monetisation of its Hyderabad land in the near future.

Following the sale, GOCL—listed on the Indian stock exchanges—plans to transition into an energy-focused company, consistent with its long-term growth strategy outlined in its stock exchange filing dated 29 August 2025.