Goodluck India Touches All Time High As Subsidiary Wins Landmark Artillery Shells License

Ghaziabad, October 3, 2025: Goodluck India Limited’s share price was trading in the green today, on October 3, after the company announced that its subsidiary, Goodluck Defence & Aerospace Limited, has secured an industrial license under the Indian Arms Act, 1959. As of 2:20 PM, the shares were up by 0.16%, or 2.10 points, and were trading at ₹1,308.80. Until now, the shares have traded within a range of ₹1,349 and ₹1,297.40. The current traded volume stood at 6.41 lakh shares, with the company’s market cap at ₹4,343 crore. The shares have their 52-week range between ₹567.75 – ₹1,349.00.

Goodluck India Limited is an Indian company that is engaged in the manufacturing of a variety of engineering products. The company was established in 1986, and is headquartered in Ghaziabad, Uttar Pradesh. The company’s NSE ticker symbol is GOODLUCK, and the BSE code is 530655.

Artillery Shells License Win

The shares of the company are rising and have touched their all-time high as the company announced that its subsidiary Goodluck Defence & Aerospace Limited has secured an industrial license under the Indian Arms Act, 1959. The license will allow the company to manufacture a wide range of medium-caliber artillery shells.

The artillery shells licence covers 105mm, 120mm, 125mm, 130mm, and 155mm shells, including advanced variants like HE M107, ERFB, ERFB BB, and ERFB BIT. The company announced that initially, it will begin with a production capacity of 150,000 shells per annum, and the trial production will begin in Q3FY26. A full-scale operation will follow this trail.

This comes after on September 30, Goodluck India entered into a tripartite MoU with BrahMos Aerospace Thiruvananthapuram Ltd (BATL) and Axiscades Technologies Ltd to jointly participate in the Advanced Medium Combat Aircraft (AMCA) programme led by the Aeronautical Development Agency (ADA) in Bengaluru.

Testament to the Company’s Engineering Capabilities

Mr. Mahesh Chandra Garg, Chairman of Goodluck India, stated: “This approval for artillery shell manufacturing, being amongst select distinguished companies, is a testament to our engineering capabilities and pursuit of innovation. It elevates Goodluck’s stature in the national and global defence arena while contributing significantly to India’s security imperatives.”

REF: https://nsearchives.nseindia.com/corporate/GOODLUCK_03102025094300_GDA_Press_Release.pdf

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