Goodluck India Ltd's exports cross Rs. 1000 crores

Goodluck India Ltd. a (BSE: 530655, NSE: GOODLUCK), amongst India's leading manufacturer of a wide range of Engineering Structure, Precision/Auto Tubes, Forging for Defence & Aerospace, CR Products and GI Pipes, has announced that the total exports business for the Company for year till date crossed Rs. 1000 crore. The export happened across European and North American geographies. Last year the Company had exported a total value of Rs. 475 crores. This year-to-date it has already achieved an export turnover of Rs. 1005.45 crores. This is a jump of 111.4% over last full financial year.

Management Comment: Commenting on this development, Mr. M C Garg, Chairman, Goodluck India Ltd. said: "I am very happy and delighted to share with everyone that our Exports business of Goodluck has crossed an important milestone of Rs. 1,000 crores. This is a huge achievement as times have been tough and we have faced numerous challenges in past few years. But the focus on product development, growing portfolio and the desire to achieve higher quality enabled us to achieve this milestone. The entire team has worked relentlessly to procure orders and execute them in a timely manner. Our efforts have been appreciated by the clients which further energised us.

I take this opportunity to thank everyone involved directly or indirectly. I would like to convey my gratitude to the marketing team, the sales team and the engineers for pulling off this feat well ahead of our expected period. We look forward to many more such opportunities and shall try to achieve greater milestones in near future."

Shares of Goodluck India Limited was last trading in BSE at Rs. 298.30 as compared to the previous close of Rs. 311.15. The total number of shares traded during the day was 6647 in over 117 trades.

The stock hit an intraday high of Rs. 312.95 and intraday low of 295.60. The net turnover during the day was Rs. 1977377.00.

Source : Equity Bulls

Keywords

GoodluckIndia INE127I01024 Exports Milestone