Ghaziabad, July 04, 2016: Goodluck India Ltd, an engineering product manufacturing conglomerate, has booked order worth Rs. 56 crores in its structure division comprising of Rs.37 crores order from POWERGRID Purl Transmission Limited (a wholly owned subsidiary of Power Grid Corporation of India Limited) a Government Undertaking for supply of Towers in the state of Maharastra and about Rs. 19 crores order from renewable energy.
The Indian Government mission bringing power to all and its emphasis to provide electricity in unelectrified areas will work in favor of company's growth plan. Adding to this, company has got significant lead in solar structure solutions in India's rising solar energy industry. Country is going from megawatt to gigawatt. Good Luck is adding a bit in this solar movement by producing & supplying solar structure solutions to upcoming solar parts & projects.
In March 2016, the company has completed capital expenditure of around Rs. 39 crores in its structure division. The new structure plant will boost revenue by at least 10%. This CAPEX basically is a part of the company strategy to shift its focus towards the high margin delivery of steel products like auto tube forging and structure steel products. Good Luck has identified focus sectors like Auto, Energy, and Railway for improving the margin profile.
About Goodluck India :
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. Our Group is one of India's leading and fastest growing business groups with over 2000 employees and having plants and units at different locations. With all requisite facilities and domain expertise, Good Luck have the capacity to manufacture & process around 2,30,000 MT of various steel products. Years of research and careful Co-Ordination of methodology has resulted in qualitatively superior products meeting stringent customer norms, manufactured by cost effective production techniques.
Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential product characteristics and uses, product sales potential and target dates for product launch are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors.