Goodluck India Ltd receives order for Rs 46.87 crore for supply of support structure for Solar contributing to Green India Mission

Goodluck India ltd announces award of an order for Rs. 46.87 crore for supply of solar support structures by Apraava Energy which is key player in Solar EPC.

The Government has announced a target to generate 1800 GW through renewable energy sources by 2047. We are well placed to become a key part of this supply chain for offering solar support structures, transmission tubes for solar tracker industry and structures for transmission lines /substation for evacuation of power.

Goodluck has ultramodern plants at NCR-New Delhi, India and continuous upgradation of plant & skills continues to be our key forte. As of now, the company has a healthy order book of approximately Rs. 400 cr. for this segment.

Goodluck has the capability to keep supporting the government vision in line with the growing capacities for solar by supplying support structures & transmission lines/substation structures to EPC players.

Our technical capabilities and execution skills are proven across the various industries where we are involved, including the prestigious bullet train (high-speed rail corridor) project where we have continued to be a key supplier of heavy steel bridges for the Mumbai Ahmedabad High Speed Rail Corridor with continued supply of span bridges between 2024-25.

Commenting on the update, Mr. Mahesh Chandra Garg, Chairman, Goodluck India Limited, stated "We are confident of the Green India Mission as well the Gati Shakti Programme and will continue to play a significant role in achieving the national interests and targets. Our continuous efforts towardsthis endeavour will be a game changer for the company. Goodluck is participating in multiple areas to make India Atmanirbhar in various business areas such as Defence, Automobile tubes, Railways, Steel Structures, Bridges, Infrastructure, Solar Structures, Pipe manufacturing and Forgings.

The company continues to grow its size and scale of operations across all these businesses continuing to scale up the share of its value-added products. This is in line with our aim to achieving consolidated revenue of USD 1 bn over the next 3-5 years led by growth in our core business as well as in our defence and aerospace business. We continue to stick to our 15-20% revenue and profit growth guidance on a consolidated basis led by growth in core business through increasing share of value added products and growth in our defence subsidiary."

Shares of Goodluck India Limited was last trading in BSE at Rs. 1090.05 as compared to the previous close of Rs. 1065.10. The total number of shares traded during the day was 10820 in over 669 trades.

The stock hit an intraday high of Rs. 1106.90 and intraday low of 1062.80. The net turnover during the day was Rs. 11755778.00.

Source : Equity Bulls

Keywords

GoodluckIndia INE127I01024 OrderWin SolarEPC ApraavaEnergy