{"id":141811,"date":"2025-01-01T14:51:01","date_gmt":"2025-01-01T09:21:01","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=141811"},"modified":"2025-01-01T16:00:11","modified_gmt":"2025-01-01T10:30:11","slug":"steel-stock-jumps-5-after-inaugurating-new-plant-to-expand-it-production-capacity","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/steel-stock-jumps-5-after-inaugurating-new-plant-to-expand-it-production-capacity\/","title":{"rendered":"Steel stock jumps 5% after inaugurating new plant to expand it production capacity"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3701351543\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>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 &amp; gas. These pipes are designed to withstand high pressure and are used in hydraulic systems for machinery, engines, and hydraulic pumps. With India&#8217;s rapid industrialization and infrastructure development, the demand for hydraulic pipes is expected to grow, especially in sectors like construction, mining, and agriculture.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3281917935\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>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 &amp; 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.&nbsp;<\/p><p><strong>Share Price&nbsp;<\/strong><\/p><p>The shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/GOODLUCK\" target=\"_blank\" rel=\"noreferrer noopener\">GoodLuck India Limited<\/a><\/strong> are currently trading at Rs. 974.85 up by 4.9% from its previous close of Rs. 929.3 as of January 01, 2025.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-1913466277\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>Recent Update&nbsp;<\/strong><\/p><p>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.&nbsp;<\/p><p>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.&nbsp;<\/p><p>They expressed optimism that the successful commencement of commercial production would contribute significantly to the company\u2019s overall growth in the coming years.&nbsp;<\/p><p><strong>About the Company&nbsp;<\/strong><\/p><p>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.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-2901806643\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>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&#8217;s focus on innovation and quality has helped it establish a solid reputation in the engineering domain.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By: Dipangshu Kundu<\/strong><\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-1017781599\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>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 &amp; gas. These pipes are designed to withstand high pressure and are used in hydraulic systems for machinery, engines, and hydraulic pumps. With India&#8217;s rapid industrialization and infrastructure development, the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":118873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31,13525],"tags":[],"class_list":["post-141811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Steel stock jumps 5% after inaugurating new plant to expand it production capacity - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/steel-stock-jumps-5-after-inaugurating-new-plant-to-expand-it-production-capacity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Steel stock jumps 5% after inaugurating new plant to expand it production capacity\" \/>\n<meta property=\"og:description\" content=\"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 &amp; gas. 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