Goodluck India shares jumped over 3% today after the company announced a key development under its subsidiary, Goodluck Defence and Aerospace Limited. In continuation of its earlier update dated January 4, 2025, the company has received the Industrial License under the Indian Arms Act, 1959. This license enables Goodluck Defence to commence production of empty shells, catering to the growing needs of the Defence and Aerospace sector.
The company expects to start trial production by the third quarter of FY 2025-26, marking a significant step in strengthening its defence manufacturing capabilities. Market observers believe this move could enhance Goodluck India’s growth prospects in the high-potential defence segment.
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