Goodluck India Limited, a leader in engineered steel products, has inaugurated its new ₹210 crore hydraulic tubes manufacturing facility in Bulandshahr, Sikandrabad. This state-of-the-art plant, with a capacity of 50,000 metric tons, will produce highly specialized hydraulic tubes used in construction machinery, light commercial vehicles, and other industrial equipment. These tubes are designed to replace seamless tubes and reduce the need for imports.
MC Garg, Chairman & Managing Director of Goodluck India Limited, stated that the greenfield project will start trial production immediately, with commercial production expected to begin in early January next year. The entire project is funded through internal resources.
Garg highlighted that the new hydraulic tubes, with diameters of 219 mm and thicknesses of 15 mm, are unique due to their specialized nature. The company anticipates strong demand both domestically and internationally for these high-quality tubes, which are produced by only a few manufacturers globally.
This expansion is a significant step toward Goodluck India’s goal of becoming a billion-dollar company within the next three to four years. For the fiscal year ending March 31, 2024, Goodluck India reported revenues of ₹3,524.78 crore and a profit after tax (PAT) of ₹130.54 crore. Goodluck India Limited is a prominent manufacturer of specialized engineered steel products, renowned for its high-quality offerings in the steel sector.
Established as a key player in the industry, the company has recently expanded its operations with the inauguration of a new hydraulic tubes manufacturing facility in Bulandshahr, Sikandrabad. This ₹210 crore investment underscores Goodluck India’s commitment to advancing its product capabilities and reducing import reliance.
With a focus on producing advanced hydraulic tubes for construction machinery and industrial equipment, Goodluck India aims to meet growing domestic and international demand. The company’s strategic growth plan includes leveraging internal resources for funding and targeting significant revenue increases, positioning itself as a major player with aspirations of reaching a billion-dollar valuation in the coming years.
