Order Win

Goodluck India Bags ₹52.20 Crore Domestic Defence Order for Supply of 20,000 Units of 155mm Shells

NSE

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BSE

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Goodluck India Limited has secured a domestic defence manufacturing order valued at approximately ₹52.20 crore for the supply of 20,000 units of 155mm shells under Ready to Fill conditions. The execution timeline for the order is within three months, subject to requisite approvals from competent authorities.

PRICE-SENSITIVE TRIGGER

Event: Receipt of Defence Manufacturing Order

Type: Order Win

Impact: Positive

Immediate Effect: The company has received a new domestic defence order for manufacturing and delivery of 20,000 units of 155mm shells, strengthening its defence segment order pipeline.

Key Metrics:

Order Value: Approximately ₹52.20 crore
Order Quantity: 20,000 units of 155mm shells
Execution Timeline: Within 3 months as per delivery schedule
Order Type: Deliverable basis
Order Category: Domestic defence manufacturing contract

Highlight:

Goodluck India continues expanding its presence in defence manufacturing through a sizeable ammunition supply order.

What Happened ?

Goodluck India Limited informed stock exchanges that it has received a domestic order for the manufacture and supply of 20,000 units of 155mm shells under Ready to Fill conditions.

The order has been awarded under confidentiality terms, and the company has not disclosed the name of the awarding entity.

According to the disclosure, the contract is domestic in nature and will be executed on a deliverable basis within three months, subject to approvals from competent authorities.

The company clarified that neither promoters nor group companies have any interest in the awarding entity and the transaction does not qualify as a related party transaction.

Key Details

Order & Contract Details:

Order pertains to manufacturing and delivery of 20,000 units of 155mm shells.
Total contract size is approximately ₹52.20 crore.
Contract awarded by a domestic entity.
Name of awarding authority has not been disclosed due to confidentiality obligations.
Nature of contract is on a deliverable basis.
Execution timeline is within three months as per delivery schedule.
Delivery remains subject to requisite approvals from competent authorities.
Company confirmed no promoter or group company interest in the awarding entity.
Transaction is not categorized as a related party transaction.

Note:

The order strengthens Goodluck India’s exposure to the domestic defence manufacturing and ammunition supply ecosystem.

Risk Analysis

Summary:

Although the order improves revenue visibility for the defence segment, execution timelines, regulatory approvals, and operational delivery efficiency remain key monitoring factors.

Key Risks:

Execution depends on timely approvals from competent authorities.
Defence manufacturing contracts typically involve strict quality and compliance standards.
Delays in delivery schedules could affect revenue recognition timelines.
Confidential nature of the customer limits visibility into repeat business potential.
Any operational bottleneck in manufacturing or logistics could impact execution.

Worst Case Scenario:

If approvals are delayed or execution timelines slip materially, the company could face delivery disruptions, deferred revenue recognition, or contractual liabilities.

Risk Level: Medium

Company Commentary

The company stated that it has received an order for supply of 20,000 units of 155mm shells.
Management confirmed the contract value is approximately ₹52.20 crore.
Goodluck India stated that the order will be executed within three months as per delivery schedule.
The company clarified that the transaction is not a related party transaction.
Management also confirmed that promoters and group entities have no interest in the awarding entity.

Official Exchange Filing: Goodluck India Limited