SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

ICRA reaffirms rating of Good Luck Steel’s bank facilities

22 Jan 2015 Evaluate

Credit rating agency, ICRA has reaffirmed the ‘BBB’ rating assigned to the Rs 98.43 crore (reduced from Rs 115.97 crore) term loans and Rs 221.62 crore (enhanced from Rs 220 crore) long term fund-based limits of Good Luck Steel Tubes (GSTL). The outlook on the long term rating is stable. The rating agency has also reaffirmed the ‘A3+’ rating assigned to the Rs 58.04 (enhanced from 55.03 crore) short term non-fund based limits of GSTL. Further, ICRA has assigned ratings of BBB(Stable) and A3+ to Rs 12.91 crore unallocated limits of the company.

The reaffirmation of ratings continues to factors in the company’s experienced management, its continuous capacity expansion initiatives to attain growth as the current capacities are utilized to 75-95% levels.

Good Luck Group is an ISO 9001 certified organization, engaged in manufacturing and exporting of wide range of Automobile CDW Tubes, Forged Engineering Products, T&D Towers & Boiler Structure, Galvanized Pipes, Roofing Sheets & Annealed Sheets.

Goodluck India Share Price

1226.15 -6.95 (-0.56%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 211.65
JSW Steel 1274.85
SAIL 172.50
Jindal Stainless 789.80
APL Apollo Tubes 2141.55
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×