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Goodluck India gets nod to expand production capacity of CDW, ERW tubes

10 Apr 2023 Evaluate

Goodluck India has received approval from board of directors to expand the production capacity of CDW and ERW tubes. The existing capacity of 80000 MT per year is running at 91% capacity utilization. The proposed capacity addition of 39000 MT per year will be implemented at an outlay of Rs 141 crore within 12 months period. The funding will be done through term loan and equity / internal accruals.

The Company is already approved by and continuously supplying the CDW Tubes/Auto Tubes to all the major automobile players around the Globe. The Management foresees a strong demand of its ERW & CDW Tubes in Indian and overseas market. So to cater the increased demand, the enhancement is required as the plant is already running at maximum production capacity.

Goodluck India is certified manufacturer and exporter of a precision engineered range of Cold Drawn Welded Tubes & Precision Tubes.

Goodluck India Share Price

1233.10 43.00 (3.61%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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