Goodluck India Stock Rises 1.4% Following ₹48.87 Crore Solar EPC Order Win

Mumbai, September 16, 2025 – The stock of Goodluck India Ltd (BSE: 530655, NSE: GOODLUCK) increased 1.47% percent in trade to ₹1,091.95. This surge was followed after the company reporting winning a new order worth ₹48.87 crore from Apraava Energy for solar support structures supply.

Order Significance

The agreement, worth almost ₹49 crore, will be completed within half a year on advance and supply-based payment terms. Not only does this victory enhance Goodluck India’s presence in the renewable energy sector but also place the company in harmony with India’s long-term vision to reach 1,800 GW of renewable energy capability by 2047.

Stock Performance Snapshot

The counter opened at ₹1,075.60 and hit an intraday high of ₹1,091.95 before settling at 1,083.30 higher than its last close of ₹1,065.10. In early trade, the stock also hit a low of ₹1,062.80 with a VWAP of ₹1,078.67. Although lower than its 52-week high of ₹1,345.00, the stock has doubled more than once from its 52-week low of ₹568.20, indicating continuous investor confidence.

Management Commentary

Mahesh Chandra Garg, Chairman, Goodluck India Ltd, reflected on the significance of the new order for the growth path of the company. He stressed that the project reflects the technical prowess of Goodluck and backs national missions like the Green India mission and Gati Shakti Programme. He again reaffirmed the focus of the company to drive 15-20 percent revenues and profits growth on a yearly basis, as well as a three- to five-year goal of crossing USD 1 billion in consolidated revenues.

Strategic Outlook

Goodluck India now has a renewable order book of close to ₹400 crore in solar structures, which is a testament to its increasing prominence in the clean energy shift. Apart from renewables, the company is also expanding in high-growth segments such as defence manufacturing, automotive tubes, railways, bridges, and the high-speed rail corridor. With six production units spread across Uttar Pradesh and Gujarat, the company has an annual capacity of 5,00,000 MTPA, of which 2,85,000 MTPA is in value-added products.

Established in 1986, Goodluck India Ltd is a diversified engineering solution company dealing in ERW steel pipes, hollow sections, CDW tubes, forgings, telecom and transmission towers, railway and road bridges, and defence components. It is listed on both BSE and NSE and is a part of the BSE SmallCap index and works under the iron and steel products sector.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/52f28309-9211-491f-9061-84e8ccc91906.pdf

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