The hydraulic pipes segment plays a crucial role in industries requiring fluid transmission for power generation and control, such as construction, agriculture, automotive, and oil & gas. These pipes are designed to withstand high pressure and are used in hydraulic systems for machinery, engines, and hydraulic pumps. With India’s rapid industrialization and infrastructure development, the demand for hydraulic pipes is expected to grow, especially in sectors like construction, mining, and agriculture.
The market for hydraulic pipes is poised for growth due to increased demand for mechanized farming, infrastructure projects, and industrial expansion. Prominent listed companies manufacturing hydraulic pipes include Jindal Saw Ltd., National Steel and Agro Industries Ltd., Goodluck India Ltd., and Ratnamani Metals & Tubes Ltd., which cater to both domestic and international markets. As the industrial sector expands, the hydraulic pipes segment is set to witness strong growth potential.
Share Price
The shares of GoodLuck India Limited are currently trading at Rs. 974.85 up by 4.9% from its previous close of Rs. 929.3 as of January 01, 2025.
Recent Update
The company on 1st January 2025 reported the inauguration of a new plant, located at Sikandarabad Industrial Area in Bulandshahr, Uttar Pradesh, India, to manufacture hydraulic tubes.
The company also mentioned that this capacity expansion is in line with its growth strategy to enhance production and cater to the increasing demand for hydraulic tubes across various industries.
They expressed optimism that the successful commencement of commercial production would contribute significantly to the company’s overall growth in the coming years.
About the Company
Goodluck India Ltd is a prominent engineering conglomerate involved in the manufacturing and sale of a wide range of engineering products. The company specializes in cold rolled coils and sheets, corrugated sheets, hollow sections (square, rectangular, and round hollow), and GI pipes.
Its product offerings also include engineering structures, fabricated structures, forgings, and automobile tubes. With a strong presence in the industry, Goodluck India caters to diverse sectors by providing high-quality products that meet various industrial requirements. The company’s focus on innovation and quality has helped it establish a solid reputation in the engineering domain.
Written By: Dipangshu Kundu
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