Schedule a Call Back
Goodluck India opens new Rs 2.1 billion hydraulic tubes plant
Industry News- Sep 17,24
The new plant will manufacture hydraulic tubes with a diameter of 219 mm and a thickness of 15 mm, which are expected to replace imports and meet high domestic and international demand due to their specialised quality.
Goodluck India Limited has officially inaugurated its new Rs 2.1 billion hydraulic tubes manufacturing facility in Bulandshahr, Sikandrabad. The plant, with an annual capacity of 50,000 metric tons, is set to produce specialised hydraulic tubes used in construction machinery, light commercial vehicles, and other industrial equipment.
MC Garg, Chairman & Managing Director, Goodluck India, announced that trial production will start immediately, with commercial production expected to begin in the first week of January 2025. The project is fully financed through internal resources.
The new plant will manufacture hydraulic tubes with a diameter of 219 mm and a thickness of 15 mm, which are expected to replace imports and meet high domestic and international demand due to their specialised quality. Garg highlighted that the project aligns with the company's goal of becoming a billion-dollar entity within the next three to four years.
For the fiscal year ending March 31, 2024, Goodluck India reported revenues of Rs 35.24 billion and a profit after tax of Rs 1.30 billion.
(Businessline)
MC Garg
Goodluck India
hydraulic tube
Bulandshahr
hydraulic tubes manufacturing
automotive
Sikandrabad
Related Stories
Auto & Auto Components
Goodluck India opens new Rs 2.1 billion hydraulic tubes plant
The new plant will manufacture hydraulic tubes with a diameter of 219 mm and a thickness of 15 mm, which are expected to replace imports and meet high domestic and international demand due to their ..
Read moreAuto & Auto Components
Scania India appoints Silvio Munhoz as Managing Director
His appointment marks a new chapter, as the company continues to focus on delivering transport solutions and reinforcing its sustainability initiatives in the region
Read moreAuto & Auto Components
Automechanika displayed innovative futuristic mobility solutions
Sustainable technologies, products and solutions were a particular focus of this year’s Automechanika.
Read moreRelated Products
Tata Motors unveils facilities for development of Hydrogen propulsion tech
AUTO COMPONENTS & ACCESSORIES
Tata Motors, India?s largest automobile company, unveiled two state-of-the-art & new-age R&D facilities for meeting its mission of offering sustainable mobility solutions. The unveilings constitute of Read more
Tata Motors plans petrol powertrain for Harrier and Safari SUVs
AUTO COMPONENTS & ACCESSORIES
Tata Motors is in the process of developing a new petrol powertrain for its premium sports utility vehicles, the Harrier and Safari, as confirmed by a senior company official. Currently, these models Read more
Electric Vehicle Charger
AUTO COMPONENTS & ACCESSORIES
RRT Electro is engaged in manufacturing of customized Power Electronic Products over two decades having capability to Design, Develop, Prototyping, Regulatory Compliance testing & Certification, Manuf Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
