Goodluck India Limited Inaugurates Hydraulic Tubes Manufacturing Unit at Bulandshahr

Hyderabad: Goodluck India Limited, on Monday inaugurated hydraulic tubes manufacturing plant having an installed capacity of 50,000 MT at Bulandshahr in Sikandrabad at an estimated investment of over Rs 200 crore.

“The 50,000 MT state-of-art hydraulic tubes manufacturing plant will commence commercial production in January next year and we expect it to significantly boost our topline. The hydraulic tubes with a diameter of 219 mm and a thickness of 15 mm are highly specialised and since there are very few manufacturers for this quality of tubes globally, we expect a strong demand both from domestic and international markets. We are expecting a good growth in revenues from this segment moving forward,” Garg said.

“The project is a step in line to become a billion-dollar company in the next three-to-four years,” he added.

The company is also looking to export nearly 40 per cent of its total production from the plant in markets such as US and Europe where there is a good demand.