-25.15 (-2.21%) In continuation of earlier announcement dated 19th December, 2023 that Company, to cater the extensive needs of Defence & Aerospace Industry, through its subsidiary Company is establishing at Sikandarabad, dist. - Bulandshahr, Uttar Pradesh, India a new facility to carry out the business of forging, machining, treatment and coating of steel, stainless and special steel, alloys or any other metal either by way of open forging, die forging, robotic forging or any other method. The new facility with an investment of approx. 216.50 cr., funded by equity and debt, will have a capacity to produce approx. 11000 MT per annum, Goodluck India has informed that erection of the machineries have been started and the company is expecting to start the trail production by Q1 of FY 2025-26.
The above information is a part of company’s filings submitted to BSE.