Goodluck India Ltd.

BSE: 530655 | NSE: GOODLUCK
Small Cap | Steel & Iron Products
1135.45
0.00 (0.00%)
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Good Luck Steel Tubes gets nod for expansion plan

Date: 31-03-2015

Good Luck Steel Tubes, an engineering product manufacturing conglomerate, has received its board’s approval for expansion plan of its structure division to make a foot mark and tap the potential in focus sector, i.e. Railway, Defence and Power (renewable & non renewable). Identifying the huge potential of fabricated support structure solutions in Railway, Defence and Power sector in India and overseas, the company is coming up with an expansion of its structure division with the new & modern facilities.

The expansion once completed will contribute additional approx Rs 100 crore to top line and significantly to bottom line. The financial need will be met by debt and promoter’s contribution. The Management is positively hopeful for its financial closure by April, 2015 and commissioning of the new facility by the end of March, 2016.

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.