Goodluck Defence and Aerospace Ltd to expand production capacity

Goodluck Defence and Aerospace Limited, a material subsidiary of GOODLUCK INDIA LIMITED has decided to expand the Production Capacity to manufacture empty shells from 1,50,000 Nos. to 4,00,000 Nos. (Increasing by 2,50,000 Nos. empty shells production) within one year with an investment to the tune of approx. Rs. 500 Crore.

The board also approved proposal to arrange the funds through different means required for the proposed expansion.

The investment of Rs. 500 Crore approx will be financed through Debt + Equity.

Upon receiving of the Commercial Production License to Manufacture Empty shellz, Company is receiving significant enquiries for the supply of shells. Due to the heavy demand, we feel that, it is the right time to expand the Production Capacity.

Shares of Goodluck India Limited was last trading in BSE at Rs. 1289.25 as compared to the previous close of Rs. 1244.80. The total number of shares traded during the day was 8750 in over 834 trades.

The stock hit an intraday high of Rs. 1305.90 and intraday low of 1254.00. The net turnover during the day was Rs. 11228728.00.

Source : Equity Bulls

Keywords

GoodluckIndia INE127I01024 GoodluckDefenceandAerospace Production CapacityExpansion