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Good Luck Steel surges on getting Indian Railway nod for manufacturing of specific components

Goodluck India Ltd. | Steel & Iron Products | Metals & Mining | BSE: 530655 | NSE: GOODLUCK

24 Mar 2015 Evaluate

Good Luck Steel Tubes is currently trading at Rs 76.50, up by 5.65 points or 7.97% from its previous closing of Rs 70.85 on the BSE.

The scrip opened at Rs. 74.00 and has touched a high and low of Rs 78.05 and Rs 74.00 respectively. So far 195250 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 89.80 on 19-Nov-2014 and a 52 week low of Rs. 17.65 on 14-May-2014.

Last one week high and low of the scrip stood at Rs. 81.00 and Rs. 70.00 respectively. The current market cap of the company is Rs. 168.79 crore.

The promoters holding in the company stood at 61.91%, while Institutions and Non-Institutions held 1.98% and 36.11% respectively.

Good Luck Steel Tubes has received an approval from Indian Railway for manufacturing of specific components, one more step of the company towards its focus sector. Good Luck got approved by Chittaranjan Locomotive Works (CLW) for manufacturing in its forging unit the Armature Shaft of HTM for Electrical Locomotives. The company has become part-I supplier to the CLW by successfully supplying Armature Shafts. Another critical part i.e. Rotor Shaft is under advance development stage against CLW’s developmental order.

The company has also got development order for Set of Under Frame Front Part for LHB coaches from Rail Coach Factory (RCF), Kapurthala. It will be manufactured in its structure division. The LBH coaches, the German technology, are superior to conventional coaches and could run at higher speed. The development Order/Approval from Integrated Coach Factory (ICF), Chennai and Rail Coach Factory (RCF), Rae Bareli is underway.

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

1233.10 43.00 (3.61%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Tata Steel	212.05
JSW Steel	1239.90
SAIL	173.50
Jindal Stainless	787.90
APL Apollo Tubes	2105.45
View more..

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Good Luck Steel surges on getting Indian Railway nod for manufacturing of specific components

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