Shares of Goodluck India Ltd ended flat after touching a day’s excessive of Rs 1,349 on third October, regardless of the corporate asserting that its subsidiary, Goodluck Defence & Aerospace Ltd, has acquired an industrial licence underneath the Indian Arms Act, 1959, to fabricate a spread of artillery shells.
Goodluck India mentioned the licence covers main artillery sizes, together with 105mm, 120mm, 125mm, 130mm, and 155mm. It additionally consists of specialised shells like HE M107, ERFB, ERFB BB, and ERFB BIT.
The ability has an preliminary capability of 150,000 shells per 12 months, with plans to increase this capability sooner or later. Trial manufacturing is anticipated in Q3 of FY26, adopted by full-scale industrial operations.
Chairman Mahesh Chandra Garg mentioned the approval showcases the corporate’s technical capabilities. It strengthens its function in India’s defence ecosystem and contributes to nationwide safety.
Goodluck India additionally signed a tripartite MoU with BrahMos Aerospace Thiruvananthapuram Ltd and Axiscades Applied sciences Ltd. They intention to work on the Superior Medium Fight Plane (AMCA) programme. They’ve filed an Expression of Curiosity with the Aeronautical Growth Company, Bengaluru.
These growth plans intention to fulfill rising demand for superior artillery and fight plane techniques in India and overseas.
At 3:30 PM, the shares of Goodluck India ended 0.67% decrease at Rs 1,298 on NSE.
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