GOCL Corporation Limited (formerly Gulf Oil Corporation Limited), a well-established Indian company headquartered in Hyderabad, has announced an important update regarding its ongoing monetization of land assets situated in Kukatpally, Hyderabad. Following previous disclosures dating back to March 2024, December 2024, and February 2025, the company has now monetized an additional 119 acres of land, raising a total consideration of approximately ₹1540 crore.

The recent transactions include the monetization of 115 acres of land as per the Memorandum of Understanding (MoU) for a consideration of ₹1486.12 crore. Additionally, the company has also monetized 4 acres 6 guntas of land under a joint development agreement (JDA) for ₹53.63 crore, out of which ₹16.09 crore has been paid to the JDA partner.

An important aspect of this transaction is the prudent financial management by GOCL Corporation. Out of the total sale proceeds, ₹1112.68 crore has been deposited with Union Bank of India as a 100% cash margin under a Standby Letter of Credit (SBLC) facility availed by the company. The cash margin deposit ensures financial security and complies with lending terms.

Furthermore, the company has temporarily deployed the balance amount of the sale proceeds with Hinduja Group Limited (HGL) as inter-corporate deposits. These deposits currently total approximately ₹708 crore and earn an attractive interest rate of 8.40% per annum, which is significantly higher than typical bank deposit rates. This strategic deployment of funds underscores GOCL Corporation’s focus on maximising returns on idle funds while awaiting decisions on alternate business uses.

It is noteworthy that Hinduja Group Limited is not a related party to GOCL Corporation, ensuring arm’s length financial transactions. The company has been receiving interest regularly on these deposits, reflecting sound financial discipline and effective treasury management.

GOCL Corporation has indicated that it will continue to update shareholders and stakeholders as and when further land parcels are monetized. This step is part of the company’s broader strategic initiative to unlock value from non-core assets while maintaining financial prudence and transparency.

Overall, this monetization activity provides GOCL Corporation with strong liquidity and flexibility, enabling it to pursue growth opportunities while ensuring steady income generation from the deployed funds. This move reflects the company’s commitment to shareholder value creation through disciplined asset management.

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