### **Overview** Goodluck India Limited (GIL), incorporated in 1986 and headquartered in Ghaziabad, Delhi NCR, is a leading Indian diversified engineering solutions provider. Promoted by IIT Roorkee alumnus Mr. Mahesh Chandra Garg, a first-generation entrepreneur with over three decades of industry leadership, the company has transformed from a traditional steel processor into a globally competitive manufacturer of high-precision, engineered steel products. It operates across high-growth, technology-intensive sectors including **Automotive, Solar, Railways, Defence & Aerospace, Infrastructure, and Oil & Gas**. Aligned with national initiatives such as *Make in India*, *Aatmanirbhar Bharat*, and India’s push for technological sovereignty, GIL is strategically focused on innovation, import substitution, and scaling high-margin, value-added product segments. --- ### **Manufacturing & Capacity** As of November 2025, Goodluck India operates **seven advanced manufacturing facilities**—primarily located in **Sikandrabad, Bulandshahr, and Dadri (Uttar Pradesh)** and **Kutch (Gujarat)**—with a combined **total installed capacity of 500,000 metric tonnes per annum (MTPA)**. This includes: | Segment | Capacity (MTPA) | Notes | |--------|------------------|-------| | **High-margin, Value-Added Products** | **285,000** | Forgings, Precision Pipes, Engineered Structures | | **High-Volume Products** | **215,000** | CR Coils, Pipes, Hollow Sections, GI Pipes | | **Engineering Structures & Precision Fabrication** | 85,000 | Supercritical bridges, bullet train structures | | **Precision & Auto Tubes** | 170,000 | 2nd largest auto-grade tubes manufacturer in India | | **Forgings** | 30,000 → Expanding to 35,000 by 2026 | Up to 14,000 kg single-piece capacity | | **Cold-Formed Profiles, CR Coils & Pipes** | 215,000 | Includes GI pipes, hollow sections | | **Hydraulic Tubes (50,000 MTPA unit commissioned in Jan 2025)** | 50,000 | Import substitute for seamless tubes | The company has achieved strong asset utilization, with **95% capacity utilization in Q4 FY25** and plans to expand further to meet rising demand across key verticals. --- ### **Subsidiaries & Strategic Expansion** In 2024, GIL incorporated **Goodluck Defence and Aerospace Limited (GDAL)** as a wholly-owned subsidiary to exclusively focus on the **defence and aerospace sectors**. Key developments: - **Defence Manufacturing Facility (Sikandrabad):** - **Initial capacity:** 150,000 artillery shells/year (105mm to 155mm variants: HE M107, ERFB, ERFB BIT). - **Planned scale-up:** Additional 250,000 units/year → **total 400,000 shells by late 2026**. - **Investment:** ~INR 5,000 crore. - **Licenses:** Industrial license under the **Arms Act, 1959** for medium-caliber shells. - **Production:** Trial runs started in **Q3 FY26**, commercial production expected by **Q2 FY26**. - **Tripartite MoU (Oct 2025):** Collaborating with **BrahMos Aerospace Thiruvananthapuram Ltd (BATL)** and **Axiscades Technologies Ltd** to participate in India’s indigenous **Advanced Medium Combat Aircraft (AMCA)** program. Filed an Expression of Interest (EoI) with Aeronautical Development Agency (ADA), Bengaluru. - **New Forging Facility (Under GDAL):** - **Capacity:** 11,000 MT/year. - **Investment:** ~INR 216.50 crore. - **End-products:** Forged, machined, heat-treated, and coated components for artillery, rockets, and aerospace platforms. - **Technology:** Open, closed die, robotic forging. --- ### **Key Business Segments** GIL operates through four core business units, each serving mission-critical industries: #### 1. **Precision Pipes & Auto Tubes (27% of revenue)** - **Products:** ERW, CDW, Boiler, and Hydraulic Tubes. - **Applications:** Automotive (car bodies, shock absorbers), construction equipment (e.g., JCBs), renewable energy. - **Key Clients:** Volkswagen, Audi, BMW, Mercedes, Tata Motors, Ashok Leyland, Bajaj, Gabriel. - **Differentiator:** World-class **219mm OD, 15mm thickness hydraulic tubes** replacing imported seamless variants. - **Exports:** ~60% of volume exported; majorly to EU, USA. - **Capacity:** 170,000 MTPA (expanded from 120,000 in FY24–25); new **50,000 MTPA plant at 70–80% utilization by Sep 2025**. #### 2. **Engineering Structures & Precision Fabrication (21% of revenue)** - **Capacity:** 85,000 MTPA (up from 60,000 in 2022). - **Products:** Super-critical railway bridges, station buildings, launching girders, solar park structures, formwork systems. - **Flagship Project:** **Mumbai–Ahmedabad High-Speed Bullet Train**. - Secured and completed **22,000-ton supply contract**. - Engaged in second design development. - Partnering with **L&T and IHI Japan** in Bhuj workshop. - **Clients:** Indian Railways, L&T, Alstom, NTPC, ABB, Reliance. - **RDSO Approved** (Kutch & Sikandrabad) for railway bridge girders. #### 3. **Forging Division (15% of revenue)** - **Capacity:** 30,000 MTPA (expanding to **35,000 MTPA**). - **Products:** Forged flanges, gear rings, shafts, tube sheets in **>100 material grades** (stainless, duplex, carbon, alloy steel). - **Applications:** Defence missiles, aerospace landing gear, nuclear heat exchangers, oil & gas valves. - **Key Clients:** DRDO, ISRO, HAL, GE Oil & Gas, L&T, Reliance, Baker Hughes. - **Strategic Programs:** - **BrahMos, Pralay Missiles, Pinaka Rockets, K9 Vajra Howitzers, Talwar Class Frigates, HTFE (HAL)**. - **EBITDA:** Improved to **14–15%**; focus on shifting mix to high-value defence and aerospace forgings. #### 4. **Cold Formed Profile, CR Coils, Pipes & Tubes (37% of revenue)** - **Capacity:** 215,000 MTPA. - **Products:** CR coils, hollow sections, GI pipes, corrugated sheets. - **Applications:** Construction, automotive, solar support structures. - **Growth Strategy:** Transitioning GI pipe lines to **Solar Tracker Tubes**, transmission structures to serve rising solar demand (India's 100 GW solar target). - **Technology:** 85% exports go to **developed markets (EU, US, Australia)**. --- ### **Financial Highlights (FY 2024–25)** - **Total Domestic Sales:** ₹2,838.26 crores - **Export Sales:** ₹960.20 crores - **Total Revenue:** ~₹3,798.46 crores - **Capital Raises:** - ₹200 crores via QIP (investors: Bank of America, Morgan Stanley). - Planning preferential issue to fund GDAL expansion and R&D. - **Revenue by Segment (FY24):** - CR Coils, Pipes & Tubes: ₹1,256.60 cr - Precision & Auto Tubes: ₹925.84 cr - Engineered Structures: ₹783.50 cr - Forging: ₹517.92 cr - **Revenue Growth:** 15–20% CAGR in recent years via **operational efficiency**, no major capex. --- ### **Global Reach & Market Presence** - **Customers:** Over **600** globally. - **Exports:** To **>100 countries** across Southeast Asia, SAARC, Middle East, Africa, USA, Canada, Europe (Germany, UK, France). - **OEM Partnerships:** Volkswagen, Audi, Mercedes, BMW, Ashok Leyland, Bajaj, TVS, Isuzu, NTPC, ISRO. - **Export Mix:** 85% to **developed economies**; high-margin value-added products dominate. --- ### **Strategic Initiatives & Vision** - **Target:** Becoming a **$1 billion company** in the next 3–4 years (FY26–28). - **Sustainability:** Transitioning UP plants to **solar power**, estimated to offset **300 million kg of CO₂**. - **Innovation:** - Developed **globally unique large-diameter ERW pipe mill**. - 14-ton automated forging press – among few globally capable. - "Team Mill" and digital transformation initiatives enhance product engineering. - **Diversification:** - Road safety products via **European collaboration**. - Solar tracker tubes, EV bus body structures (with Ashok Leyland, Tata Marcopolo). - **Defence & Aerospace Push:** - AMCA project participation. - GDAL facility to capture rising global defence procurement due to geopolitical tensions.