Goodluck India Ltd has achieved significant milestones in its defence sector expansion. The company’s subsidiary, Goodluck Defence & Aerospace, has obtained an industrial license under the Indian Arms Act, 1959, to manufacture medium-caliber artillery shells ranging from 105mm to 155mm, including variants such as HE M107 and ERFB.
This license positions Goodluck Defence as a key player in India’s artillery ammunition supply chain, with an initial annual production capacity of 150,000 shells, set to commence trial production in the third quarter of fiscal year 2026.
In a strategic move to bolster its presence in the aerospace sector, Goodluck India has also entered into a tripartite Memorandum of Understanding (MoU) with BrahMos Aerospace Thiruvananthapuram Ltd and Axiscades Technologies.
This collaboration aims to develop India’s Advanced Medium Combat Aircraft (AMCA), a fifth-generation stealth fighter jet.
The consortium has submitted an Expression of Interest to the Aeronautical Development Agency, Bengaluru, to participate in the tender process, combining strengths in engineering, electronics, and defence manufacturing to enhance India’s technological sovereignty.
These developments have positively impacted Goodluck India’s stock performance.
On October 3, 2025, the company’s shares rose by 2.55% to ₹1,341, marking a new all-time high.
Over the past five trading sessions, the stock has gained over 12%, reflecting investor confidence in Goodluck India’s strategic initiatives in the defence sector.
Looking ahead, Goodluck Defence plans to expand its artillery shell production capacity and is exploring opportunities for an initial public offering (IPO) to further fund its defence ventures.
The company remains optimistic about meeting the growing demand for advanced artillery systems and combat aircraft components, both domestically and internationally.
Goodluck India’s forging division continues to support other high-profile projects, including manufacturing components for the Bullet Train project, HAL, and DRDO, reflecting the company’s diversified engineering capabilities. The combined focus on defence, aerospace, and critical infrastructure projects positions Goodluck India as a growing force in India’s industrial and strategic landscape.
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