Goodluck India’s subsidiary secures ₹255 crore contract for 155mm long-range artillery shells.

Steel manufacturer Goodluck India Ltd announced on Friday (June 19) that its subsidiary Goodluck Defence and Aerospace Ltd has received an order valued at approximately ₹255 crore for delivering 155mm long-range empty shells in a ready-to-fill state.

This order entails the production and supply of 155mm long-range empty shells, contingent on successful inspection by the end user and necessary approvals from the relevant authority. The contract’s implementation timeline is set for 10 months in accordance with the delivery schedule.

The company indicated that this order has been granted under domestic terms, with the specifics of the awarding entity being kept confidential.

The contract is based on delivery and falls within domestic procurement guidelines. Additionally, it does not involve any interest from promoters or promoter groups, and the transaction is not classified as a related party transaction, according to the company.

Shares of Goodluck India Ltd closed at ₹1,425.00, reflecting an increase of ₹67.30, or 4.96%, on the BSE.