Mumbai, October 3 (Udaipur Kiran News): Shares of Goodluck India moved higher on Thursday after its subsidiary, Goodluck Defence & Aerospace, received an industrial license under the Indian Arms Act, 1959 to manufacture a wide range of medium-caliber artillery shells.
The license covers all major sizes including 105mm, 120mm, 125mm, 130mm, and 155mm, along with specific 155mm variants such as HE M107, ERFB, ERFB BB, and ERFB BIT. This development marks a significant milestone for the company, placing Goodluck Defence among a select group of licensed artillery shell manufacturers in India’s growing defence manufacturing ecosystem.
The company plans to begin trial production in Q3 FY26 at its state-of-the-art facility, with an initial capacity of 1,50,000 shells per annum, which will be scaled up further in subsequent phases. The move reinforces Goodluck India’s commitment to indigenization and technological excellence under the ‘Atmanirbhar Bharat’ initiative.
At the BSE, the stock was trading at ₹1,317.35, up ₹9.75 or 0.75% from its previous close of ₹1,307.60. It touched an intraday high of ₹1,352.80 and low of ₹1,297.10, with 41,526 shares traded. The company’s market capitalization stands at ₹4,374.19 crore.
Promoters hold 56.45%, while institutions and non-institutional investors own 3.25% and 40.30%, respectively.
Goodluck India is a certified manufacturer and exporter of cold drawn welded tubes and precision-engineered tubes, and through its defence arm, is expanding into strategic defence production.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
