What we do Indo Gulf Industries Ltd manufactures industrial explosives and accessories primarily for open-cast coal mining, including slurry mixed explosives, detonators, and boosters. |
Founded in 1,981 |
Market share Prominent supplier of explosives in domestic mining sector with growing export presence. |
Problem solved Provides reliable explosive solutions to enhance safety and efficiency in mining and infrastructure sectors. |
Top clients or who we serve Primarily serves coal mines, infrastructure projects, and institutional clients in India and select exports. |
Key management Gaurav Kumar (Managing Director), Rajesh Jain (Director) |
Our journey and innovations Started as Indo Gulf Explosives in 1981, expanded into sugar and power co-generation, technical collaborations with Gulf Oil Corporation, and diversification into detonators by 2024-25. |
Where we operate Manufacturing units across Jhansi, Korba, Singrauli, Talcher, Ib Valley; sales mainly in India with some exports. |
Top products or what we offer Slurry mixed explosives, detonator fuses, cast boosters, emulsion explosives, detonating cords, and recently PETN and various detonators. |
Top brands - |
Raw materials needed Petroleum-based chemicals, explosives-grade substances for manufacturing slurry and emulsion explosives. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly recurring from long-term mining supply contracts; some cyclicality due to mining activity fluctuations. |
Our industry position Leading domestic manufacturer with increasing production capacity and expanding product portfolio in explosive materials. |
Financial highlights FY 2024-25 revenue ₹247 crore; net profit ₹6.54 crore; 18% growth in explosives production; 56% growth in detonating cord output. |
Geographical revenue split Domestic sales constitute over 99% of total revenue; export sales account for under 1%. |
Order book - |
Whats driving growth Rising coal mining, infrastructure projects, increased production capacity, new detonator manufacturing, and product innovations. |
Our future plans Expand detonator manufacturing, scale PETN production, add bulk loading units, and grow market share in mining explosives. |
Our green promise - |
Our people and values Strong governance with experienced board; focus on safety, compliance, and employee engagement. |
Key challenges ahead Regulatory shifts phasing out electric detonators; market competition; managing raw material costs and operational efficiency. |
Interesting facts Achieved 9 million detonators production in 2024-25; 900% increase in PETN sales year-on-year. |
Risks and strategy Mitigate regulatory risks through new detonator products; diversify clientele and sustain operational excellence. |
