Goodluck India Ltd Share Price

History of Goodluck India Ltd

Goodluck India Limited, formerly known as Goodluck Steel Tubes Limited, incorporated in November, 1986 by Graduates of the Indian Institutes of Technology (IIT), stands as India's foremost company specializing in engineering products. Based in Ghaziabad, the Company excels in transforming raw steel into high-quality engineering solutions. The Company changed its name to 'Goodluck India Limited' from 'Goodluck Steel Tubes Limited' in May, 2016. With its promoters boasting three generations of expertise, GIL draws from over thirty years of manufacturing experience, dedicated to delivering top-tier steel products and comprehensive engineering services. The Company has evolved into one of India's leading manufacturers and exporters of an assorted array of engineered steel products, under th ...e aegis of mentor Mr. Mahesh Chandra Garg. At present, the Company is engaged into four major vertical, which are ERW Steel Tube, Precision tube, Precision engineering and fabrication and forging. The Company caters many diverse sectors of the economy that include auto, infra, high speed railway, specialized infrastructure, solar, aerospace and defence components. The company is headquartered in Ghaziabad, Uttar Pradesh and boasts 6 manufacturing units situated in Sikandrabad, Uttar Pradesh and Kutch with total capacity of 500,000 MTPA. The Company commissioned its first plant in 1987. In 1993, it commenced the production of mining granite at Berhampur Plant in Orissa. In Apr.'95, the Company came out with a public issue to part-finance the expansion project to expand the existing capacity of 32,000 tpa to 50,000 tpa. During the year 1999-2000, the company set-up cold rolling strip plant at its factory premises which became operational. Later on in 2006, it commissioned First Forging plant. In 2007, it commissioned First plant for ERW/ CDW Precision Tubes. In November, 2014, the Company inaugurated 30,000 MTPA manufacturing plant at Sikandrabad in Uttar Pradesh. In 2015, it expanded the Engineering structured products to high growth sectors like Solar and Railways. It commissioned Kutch Plant for ERW Precision Tubes in 2018. In 2022, it added new machinery for increasing the capacity of Forging single piece to 14,000 Kgs and total capacity per annum to 30,000 MT. The Company incorporated wholly owned subsidiary, Goodluck Defence and Aerospace Pvt Ltd in the defence sector in FY 2024. In FY 2024, the company ventured in the construction of Station Buildings and Super Critical Bridges for HighSpeed Bullet Train, and Smart City Structures related to the bullet train project. The Company inaugurated a Hydraulic Plant with a capacity of 50,000 MTPA, designed to replace imported seamless tubes in FY 2025.