Goodluck India Ltd's Subsidiary Secures Landmark License for Artillery Shells Manufacturing

Goodluck India Limited, a leading engineering conglomerate, announced that its subsidiary, Goodluck Defence & Aerospace Limited (Goodluck Defence), has received industrial license under Indian Arms Act, 1959, for the manufacturing of for all major sizes including 105mm, 120mm, 125mm, 130mm, 155mm and under the 155mm category HE M107, ERFB, ERFB BB and ERFB BIT medium-caliber artillery shells. This milestone positions Goodluck Defence at the forefront of India's burgeoning defence manufacturing ecosystem, establishing the company in the league of select distinguished suppliers.

With an initial manufacturing capacity of 150,000 shells per annum which is planned to be further augmented at its state-of-the-art facility, Goodluck Defence is poised to commence trial production in Q3FY26, transitioning swiftly to full-scale commercial operations.

This strategic move underscores Goodluck India's unwavering commitment to indigenization and technological excellence in the defence sector, aligning seamlessly with the 'Atmanirbhar Bharat' initiative.

Anticipating robust demand and a surge in enquiries from domestic and international stakeholders, Goodluck Defence has outlined ambitious expansion plans. This forward-looking strategy will not only address escalating need but also cement Goodluck Defence's role as a reliable pillar in India's artillery ammunition supply chain.

This development is expected to unlock substantial revenue streams for the company, leveraging its proven expertise in precision engineering. The company remains committed to adhering to the highest standards of quality and safety in the defence manufacturing sector, ensuring that every shell produced meets the highest calibre to satisfy the needs of the Indian military and allied forces across the globe.

Tripartite Memorandum of Understanding (MOU) for the Development of Advance Medium Combat Aircraft ('AMCA') programme.

Goodluck India Ltd had on 30th September 2025 entered into a Tripartite Memorandum of Understanding (MOU) along with BrahMos Aerospace Thiruvananthapuram Ltd (BATL) and Axiscades Technologies Ltd to collaborate for the Development of Advance Medium Combat Aircraft ('AMCA') programme and to participate in the Expression of Interest (EOI) floated by Aeronautical Development Agency, Bengaluru ('ADA'). By combining strengths in engineering, systems integration, electronics, and defence manufacturing, the consortium is poised to contribute significantly to India's strategic autonomy and establish the country as a hub for next-generation aerospace innovation. Expression of Interest (EOI) has been successfully filed for the same post this arrangement.

Commenting on the update, Mr. Mahesh Chandra Garg, Chairman, Goodluck India Limited, stated "This approval for artillery shell manufacturing, especially being amongst select distinguished companies, is a testament to our strong technical and engineering capabilities and relentless pursuit of innovation and operational excellence. We are thrilled to embark on this transformative journey, which not only elevates Goodluck's stature in the national and global defence arena but also contributes significantly to our nation's security imperatives. As we ramp up production, we are confident that Goodluck Defence will deliver worldclass, high-precision artillery solutions.

Further our participation in the EoI for the Development of Advanced Medium Combat Aircraft marks another defining milestone for Goodluck India Ltd, and also for the broader vision of indigenous aerospace excellence. The AMCA is more than an aircraft - it is a symbol of India's technological sovereignty, and we are honoured to contribute to its realisation.

We are well positioned to address the growing demand for advanced artillery systems and Combat Aircraft systems to meet both domestic and international needs. This is more than just a business milestone - it's a proud step towards a stronger, sovereign India and the beginning of an exciting growth trajectory for Goodluck India.

Shares of Goodluck India Limited was last trading in BSE at Rs. 1296.10 as compared to the previous close of Rs. 1307.60. The total number of shares traded during the day was 54387 in over 4053 trades.

The stock hit an intraday high of Rs. 1352.80 and intraday low of 1286.25. The net turnover during the day was Rs. 72140200.00.

Source : Equity Bulls

Keywords

GoodluckIndia INE127I01024 GoodluckDefenceandAerospace IndustrialLicense ArtilleryShells Manufacturing