Goodluck Defence Subsidiary Secures Rs 255 Crore Order for Supply of 155mm Long Range Empty Shells
Goodluck Defence and Aerospace Limited, a subsidiary of Goodluck India Limited, has secured a contract for the supply of 155mm long range empty shells in Ready to Fill Conditions. The order is valued at approximately Rs 255 Crores.The agreement details revolve around the manufacturing and delivery of these specified munitions. The subsidiary received the domestic contract, which falls under the Deliverable Base category. The successful execution of the order is contingent upon necessary approvals from a competent authority and a successful inspection by the end user.
According to the contract terms, the supplies must be executed within a 10-month delivery schedule.
Details regarding the contract awarded are presented below:
| Feature | Detail |
|---|---|
| Contract Value | Rs 255 Crores Approx. |
| Product | 155mm long range empty shell in Ready to Fill Conditions |
| Client/Awarding Entity | Not disclosed due to Confidentiality |
| Nature of Order | Deliverable Base |
| Origin | Domestic entity |
| Delivery Timeline | Within 10 Months |
The contract holds no interest for the promoter or promoter group, and it has been determined not to be a related party transaction.
GOODLUCK Stock Price Movement
Goodluck India Limited shares gained in post-market trading today, closing at ₹1423.40 after rising by 5.51%.The stock saw robust activity, with a traded volume of 571,773 shares recorded during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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