Goodluck India Ltd has recently announced the establishment of a new facility in Sikandarabad, Bulandshahr, Uttar Pradesh, aimed at meeting the growing needs of the Defence and Aerospace sectors. This new facility, set up through its subsidiary, will focus on forging, machining, treatment, and coating of steel, stainless steel, alloys, and other metals using various advanced methods such as open forging, die forging, and robotic forging.
With an investment of approximately ₹216.50 crore, funded through equity and debt, the facility is set to produce 11,000 MT per annum. The erection of machinery is already underway, and trial production is expected to begin by Q1 of FY 2025-26.
This significant development will strengthen Goodluck India Ltd.’s position in the industry and contribute to the growing demand in the defence and aerospace sectors.
In the meantime, Goodluck India Ltd. shares closed at ₹990.95 on January 3, after opening at ₹980.90. The stock reached a high of ₹999.00 and a low of ₹973.60 during the day. With a 52-week high of ₹1,330.00 and a 52-week low of ₹720.00, the stock has shown significant movement.
