The Board of Directors of Goodluck India Ltd. has considered and approved the proposal to increase the manufacturing capacity of CDW and ERW tubes.
The current 80000 MT/year capacity is being used at 91% of its potential. Implementation of the anticipated 39000 MT per year capacity augmentation will cost Rs. 141 crore and take place over a 12-month period. The money will be raised through internal accruals and term loans.
All of the major automakers worldwide have already accepted the company and receive its CDW tubes/auto tubes on a regular basis.
The Management foresees a strong demand of its ERW & CDW Tubes in Indian and overseas market. So to cater the increased demand, the enhancement is required as the plant is already running at maximum production capacity.
