- Business
- Goodluck India Limited, founded in 1986 and headquartered in Ghaziabad, India, manufactures and exports a diverse range of precision steel products including ERW precision and CDW tubes, forged flanges and custom forgings, power and telecom towers, solar structures, ERW hot dip galvanized pipes, black pipes, black and GI hollow sections, CR coils and CRCA sheets, galvanized plain and corrugated sheets, and road safety products; the company operates in segments such as CR sheets and pipes, precision pipes and auto tubes, forging, and engineering structures with precision fabrication for automotive components like frames, forks, shock absorbers, hydraulic line tubing, chassis, axle tubes, and propeller shafts, as well as oil and gas flanges, infrastructure solutions, boiler heat exchangers, and heavy fabrications for railways, roads, bridges, girders, boilers, and turbine generators. With six manufacturing plants in Uttar Pradesh and Gujarat boasting a combined capacity of 500,000 MTPA (57% value-added products), Goodluck India serves over 600 customers across automotive, infrastructure, solar, railways, oil and gas, renewable energy, and defence sectors, exporting to more than 100 countries in Europe, North and South America, Australia, Middle East, South East Asia, and Africa. Subsidiaries include GLS Steel India Limited, GLS Metallics India Limited, GLS Engineering India Limited, Goodluck Infrapower Private Limited, and Goodluck Defence and Aerospace Limited. Recent developments include the launch of commercial production of medium-calibre artillery shells (105mm to 155mm, including HE M107 variants) at Goodluck Defence's Faridpur facility with initial 150,000 units annual capacity scaling to 400,000 via a Rs 500 crore investment, receipt of an industrial licence under the Arms Act 1959, fulfilment of Rs 500 crore commitment under UP Nivesh MoU, and a tripartite MoU with BrahMos Aerospace Thiruvananthapuram and Axiscades Technologies for the Advanced Medium Combat Aircraft programme plus EOI with Aeronautical Development Agency; the company raised Rs 96 crore via preferential equity in late 2023 to fund the subsidiary (formerly Good Luck Steel Tubes Limited, renamed June 2016).