The facility at Bulandshahr in Sikandrabad will produce highly-specialized hydraulic tubes with a diameter of 219 mm and a thickness of 15 mm. Commercial production is expected to commence in January, 2025.
Oct 1, 2024
Leading manufacturer of specialized steel products, Goodluck India Limited, has set up a hydraulic tubes manufacturing plant at Bulandshahr in Sikandrabad of Uttar Pradesh, having an installed capacity of 50,000MT.
Speaking on the occasion, Mr. MC Garg, Chairman & Managing Director, Goodluck India Limited, said the greenfield project worth INR 210 crore has already commenced trial production, while commercial production is expected to begin in January, 2025.
He said the project, fully funded through internal accruals, expecting to enhance profit margins of the company due to the premium nature of the product. The facility would produce highly-specialized hydraulic tubes with a diameter of 219 mm and a thickness of 15 mm.
Also Read: Tata Steel India’s Production Rises by 5% in Q2
The company plans to export 40 percent of its production to markets in the US and Europe. This project also aligns with the company’s goal of becoming a billion-dollar enterprise within the next three to four years.
