Goodluck India Limited completes expansion at Auto Tube division

Goodluck India Limited has announced that the expansion of Auto Tube Division has been completed.

Identifying the huge potential of Cold Drawn Welded Tubes (COW)in the Automobile Sector in the domestic as well as overseas market, the Company has enhanced its production capacity by nearly 25 %, i.e. around 10,000 MTPA for its Auto Tube Division. Company foresees a strong demand from overseas buyer, The Company has been a dominant player in US market for last so many years and demand in Auto Sector is in accelerated mode world-wide. After COVID, Auto demand has picked up in India as well.

Mr. M. C. Garg, Chairman is of the opinion that this expansion will be game changer for future prospect of the Company.

Shares of Goodluck India Limited was last trading in BSE at Rs. 282.35 as compared to the previous close of Rs. 281.65. The total number of shares traded during the day was 35964 in over 1468 trades.

The stock hit an intraday high of Rs. 288.1 and intraday low of 277. The net turnover during the day was Rs. 10145445.

Source : Equity Bulls

Keywords