Goodluck India Ltd. to Expand Production Capacity of Empty Shells by 250,000 Nos. with Rs. 500 Crore Investment

Goodluck Defence and Aerospace Limited, a material subsidiary of Goodluck India Ltd., has decided to expand the production capacity of empty shells from 150,000 Nos. to 400,000 Nos. within one year. This expansion will require an investment of approximately Rs. 500 Crore. The company plans to arrange the funds through different means for the proposed expansion. The rationale behind this expansion is the significant enquiries received for the supply of shells and the heavy demand for the product.