Goodluck Industries is expected to generate an additional revenue of INR 500 crore from the new hydraulic tube manufacturing plant in Uttar Pradesh. The plant has an annual production capacity of 50,000 tonnes annually and the capacity will be doubled once the new plant hits 60-70 percent capacity by mid-2026.
Jan 13, 2024
Goodluck Industries, a leading producer of steel products, expects to generate an additional revenue of INR 500 crore from the new hydraulic tube manufacturing plant in Uttar Pradesh.
The newly operational plant is equipped with cutting-edge technology such as supply of hydraulic tubes to industries like construction machinery, light commercial vehicles and industrial equipment.
Besides the incremental revenue of INR 500 crore, the product has the ability to generate an EBITDA of 16 per cent, as per Ram Aggarwal, CEO, Goodluck India.
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The plant has an annual production capacity of 50,000 tonnes annually and the capacity will be doubled once the new plant hits 60-70 per cent by mid-next year.
