Goodluck Defence and Aerospace Private Limited is a newly formed subsidiary of Good Luck India Limited, incorporated in August 2023, with a strategic focus on manufacturing 155 mm artillery shells for defense applications. Leveraging over three decades of its parent company's expertise in metal forging and machining, the company aims to establish a state-of-the-art facility with a proposed production capacity of 150,000 shells annually. With a planned investment of INR 250 crore—including Rs. 40 crore raised via preferential issue—Goodluck Defence is targeting both domestic defense forces and global export markets. Its offerings will cater to high-demand variants such as high explosive and precision-guided shells. Backed by an expression of interest from Adani Defence & Aerospace for 33% of its output, and aiming for collaborations with international OEMs, the company enters a competitive but high-potential space alongside players like Bharat Forge and CHW Forge. While it presents st...