Goodluck India Limited has won a contract for the provision of solar support structures by Apraava Energy Private Limited, a well-known force in the field of solar EPC. This order is intended to help the Green India Mission.
The company declared that the contract would be accomplished within six months. The project is in line with the vision of the government to produce 1800 GW of power using the renewable sources by the year 2047.
Goodluck India operates state-of-the-art plants in NCR-New Delhi and updating of plants and skills is one of our core competencies. The company currently has a robust order book of about 400 crore of this segment.
Mr. Mahesh Chandra Garg, Chairman of Goodluck India Limited, stated, “We are confident of the Green India Mission as well as the Gati Shakti Programme and will continue to play a significant role in achieving the national interests and targets. Our continuous efforts towards this endeavor will be a game changer for the company. Goodluck is participating in multiple areas to make India Atmanirbhar in various business areas such as defense, 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 achieve consolidated revenue of USD 1 billion over the next 3-5 years, led by growth in our core business as well as in our defense 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 defense subsidiary.”
Goodluck India Limited is an engineering solutions company that specializes in the production of ERW Steel Pipes, Hollow Sections, CR Coils, CDW Tubes, Forgings and Flanges, telecom and transmission line towers, substation structures, road and railroad bridges and road safety equipment and was founded in 1986.
The company is steadily increasing its size and scale of business in all these businesses that are still in the process of scaling up their share of value-added products. This is aligned with our objective in realizing consolidated revenue of USD 1 billion within the next 3-5 years, spearheaded by expansion in our core business and expansion in our defense and aerospace business. We maintain our 15-20 percent revenue and profit growth projections on a consolidated basis with core business growth in the form of share of value-added products and our defense subsidiary.
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