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Goodluck Steel Tubes secures order worth Rs 67 crore

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Capital Market

For supply of transmission line towers

Goodluck Steel Tubes has received an order worth Rs. 67 crore for supply of Transmission Line Towers in the state of Uttranchal. The Execution is likely to start from 4th quarter of FY16.

This is a significant development for the Company, as company is expanding its structure vertical with a capex of Rs. 30 crore in current Financial Year. The expanded capacity will be utilized to cater the expanding order book of Transmission & Distribution (T&D) sector.

Adding to this, company has got significant lead in solar structure solutions in India's rising solar energy industry. Country is going from megawatt to gigawatt. Good Luck is adding a bit in this solar movement by producing & supplying solar structure solutions to upcoming solar parts & projects. The Company is currently executing solar structure solution for 65 MW projects and hoping to reach 200 MW in next financial year.

 

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First Published: Nov 17 2015 | 3:57 PM IST

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