GOODLUCK INDIA TO INVEST Rs 500 CRORE TOWARDS EXPANSION PLAN TO TRIPLE EMPTY SHELL PRODUCTION

Goodluck Defence and Aerospace Limited, a subsidiary of

, plans to expand it's empty shell production capacity from 150,000 to 400,000 units by investing Rs 500 crore which will be completed within one year. This decision follows the receipt of a Commercial Production License and is driven by significant market demand. The expansion will be financed through a combination of debt and equity. This substantial investment underscores the company's confidence in the growth potential of it's empty shell manufacturing business. Currently trading at Rs 1295 per share, the stock price has seen an uptick of 70% in the last 6 months. It is presently trading around it's all time high levels and any breakout above Rs 1,350 levels could indicate a strong momentum.