Goodluck Defence Expands Empty Shell Production Capacity

Goodluck India Ltd's subsidiary, Goodluck Defence and Aerospace Limited, is expanding its production capacity for empty shells. The capacity will increase from 1,50,000 to 4,00,000 units, a rise of 2,50,000 units. This expansion requires an investment of approximately ₹500 Crore, to be financed through equity and debt. The project is now expected to be completed by September 2027. This move signals a significant growth initiative within the subsidiary's operations.