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HomeMarket NewsStocks NewsGoodluck India subsidiary bags ₹255 crore defence order for 155mm long-range shells
Shares of Goodluck India Ltd ended at ₹1,425.00, up by ₹67.30, or 4.96%, on the BSE.
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Steel products maker Goodluck India Ltd on Friday (June 19) said its subsidiary Goodluck Defence and Aerospace Ltd has secured an order worth approximately ₹255 crore for the supply of 155mm long-range empty shells in ready-to-fill condition.
The order involves the manufacturing and delivery of 155mm long-range empty shells, subject to successful inspection by the end user and requisite approvals from the competent authority. The execution timeline for the contract is within 10 months as per the delivery schedule.
The company said the order has been awarded under domestic terms. It added that the name of the awarding entity has not been disclosed due to confidentiality.
The contract is deliverable-based in nature and falls under domestic procurement. It does not involve any promoter or promoter group interest, and the transaction does not qualify as a related party transaction, the company said.
Shares of Goodluck India Ltd ended at ₹1,425.00, up by ₹67.30, or 4.96%, on the BSE.
(Edited by : Jomy Jos Pullokaran)
