Goodluck India Limited has secured an order worth ₹48.87 crore for the supply of solar support structures from Apraava Energy Private Limited, a key player in the solar EPC sector. This order is aimed at contributing to the Green India Mission.
The company announced that the contract is expected to be completed within six months. This project aligns with the government's goal to generate 1800 GW through renewable energy sources by 2047.
Goodluck India has modern plants in NCR-New Delhi and a continuous upgradation of plant and skills continues to be our key forte. As of now, the company has a healthy order book of approximately ₹400 crore for this segment.
Mr. Mahesh Chandra Garg, Chairman of Goodluck India Limited, stated, "We are confident of the Green India Mission as well the Gati Shakti Programme and will continue to play a significant role in achieving the national interests and targets. Our continuous efforts towards this endeavour will be a game changer for the company. Goodluck is participating in multiple areas to make India Atmanirbhar in various business areas such as Defence, Automobile tubes, Railways, Steel Structures, Bridges, Infrastructure, Solar Structures, Pipe manufacturing and Forgings.
The company continues to grow its size and scale of operations across all these businesses continuing to scale up the share of its value-added products. This is in line with our aim to achieving consolidated revenue of USD 1 billion over the next 3-5 years led by growth in our core business as well as in our defence and aerospace business. We continue to stick to our 15-20% revenue and profit growth guidance on a consolidated basis led by growth in core business through increasing share of value added products and growth in our defence subsidiary."
| Particulars | Details |
|---|---|
| Name of the entity awarding the order | Apraava Energy Private Limited |
| Significant terms and conditions | The Contract has to be completed with in 6 months, On the payment terms of party payment in advance and party on supply of materials. |
| Domestic/ International entity | Domestic |
| Nature of order | Supply of Solar Support Structure |
| Domestic or International | Domestic |
| Time period to be executed | 6 months |
| Size of the order | ₹48.87 Crores. |
| Promoter interest | No |
| Related party transactions | No |
Founded in 1986, Goodluck India Limited is a premier engineering solutions provider specializing in the manufacturing of ERW Steel Pipes, Hollow Sections, CR Coils, CDW Tubes, Forgings & Flanges, Telecom & Transmission Line Towers, Substation Structures, Bridges for Road & Railways, and Road Safety Equipment.
The company continues to grow its size and scale of operations across all these businesses continuing to scale up the share of its value-added products. This is in line with our aim to achieving consolidated revenue of USD 1 billion over the next 3-5 years led by growth in our core business as well as in our defence and aerospace business. We continue to stick to our 15-20% revenue and profit growth guidance on a consolidated basis led by growth in core business through increasing share of value added products and growth in our defence subsidiary.
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