Good Luck India Limited – engaged in the business of steel tubes, pipes, precision tubes has setup its greenfield project at Kutch-Gujarat which has a capacity of about 72,000 MTPA. The company has started its commercial production in the same unit today (11 Jul’18) as per company’s BSE filing.
The company’s new unit is strategically located within proximity of two ports ie Kandla Sea port and Mundra Sea Port and it suitable for export markets.
The company has an existing manufacturing capacity of about 2,30,000 MTPA plants located in Sikandrabad UP. In terms of revenue sharing based on FY’16 results, CR sheets and pipes accounts 47% followed by precision tubes 25%, structures by 15% and forging by 13%.
Company’s financial performance in FY18 –
Good Luck Steel Tubes reported net profit of 1598.76 lakh in FY18 compared to 1975.39 lakh in previous fiscal.
Pipes prices:
Raipur- 2.2mm thickness= INR 39,000-39,500/MT (GST 18% extra)
Mandi -2mm thickness= INR 41300-41500/MT (GST 18% extra)
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