Tuesday 24 March 2015

Good Luck Steel surges on getting Indian Railway nod for manufacturing of specific components.

     Good Luck Steel Tubes has received an approval from Indian Railway for manufacturing of specific components, one more step of the company towards its focus sector. Good Luck got approved by Chittaranjan Locomotive Works (CLW) for manufacturing in its forging unit the Armature Shaft of HTM for Electrical Locomotives. The company has become part-I supplier to the CLW by successfully supplying Armature Shafts. Another critical part i.e. Rotor Shaft is under advance development stage against CLW’s developmental order.
     The company has also got development order for Set of Under Frame Front Part for LHB coaches from Rail Coach Factory (RCF), Kapurthala. It will be manufactured in its structure division. The LBH coaches, the German technology, are superior to conventional coaches and could run at higher speed. The development Order/Approval from Integrated Coach Factory (ICF), Chennai and Rail Coach Factory (RCF), Rae Bareli is underway.
     Good Luck Group is an ISO 9001 certified organization, engaged in manufacturing and exporting of wide range of Automobile CDW Tubes, Forged Engineering Products, T&D Towers & Boiler Structure, Galvanized Pipes, Roofing Sheets & Annealed Sheets.
     Good Luck Steel Tubes is currently trading at Rs 77.05, up by 6.20 points or 8.75% from its previous closing of Rs 70.85 on the BSE.

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