Goodluck Defence and Aerospace Unlisted Shares
Goodluck Defence receives industrial license for artillery shell manufacturing
Business Standard
2 min read
Goodluck Defence secures an industrial license to manufacture artillery shells.
Expert Analysis :
License Approval: Goodluck Defence & Aerospace, a subsidiary of Goodluck India, received an industrial license under the Indian Arms Act, 1959.
Manufacturing Scope: The license covers major sizes of artillery shells, including 105mm, 120mm, 125mm, 130mm, and 155mm, specifically HE M107, ERFB, ERFB BB, and ERFB BIT.
Capacity & Timeline: The facility will begin with an annual capacity of 150,000 shells and start trial production in Q3FY26, progressing to full-scale commercial operations thereafter.
License enables Goodluck Defence’s entry into high-value artillery manufacturing, ensuring strong long-term growth prospects and expanded presence in India’s defence sector.
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