Rs 400 crore order book & 2,500% multibagger returns: Solar company receives order of Rs 46.87 crore from Apraava Energy

DSIJ Intelligence-1 / 16 Sep 2025/ Categories: Multibaggers, Trending

Rs 400 crore order book & 2,500% multibagger returns: Solar company receives order of Rs 46.87 crore from Apraava Energy

The stock is up by 90 per cent in 2 years and has given multibagger returns of 2,500 per cent in 5 years.

Goodluck India Ltd has been awarded a significant order worth Rs 46.87 crore from Apraava Energy to supply support structures for solar projects. This contract solidifies Goodluck's role as a key supplier in the renewable energy sector and directly contributes to India's ambitious Green India Mission, which aims to generate 1800 GW of renewable energy by 2047. The company is well-positioned to meet the growing demand for solar support structures and transmission tubes for the solar tracker industry, as well as structures for transmission lines and substations, leveraging its modern plants located in the NCR-New Delhi region. With this new order, Goodluck's order book for this segment now stands at approximately Rs 400 crore.

In addition to its strong presence in the renewable energy sector, Goodluck has a proven track record of technical capabilities and execution skills across multiple industries. The company's expertise is highlighted by its involvement in major infrastructure projects, such as the prestigious bullet train project. Goodluck has been a key supplier of heavy steel bridges for the Mumbai-Ahmedabad High-Speed Rail Corridor, with continuous supplies of span bridges throughout 2024-2025. This diverse experience demonstrates Goodluck's ability to support the government's vision for both sustainable energy and critical infrastructure development.

DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, download the service details here.

About the Company

Founded in 1986, Goodluck India Limited is a leading engineering solutions provider. The company specialises in manufacturing a diverse range of products, including ERW Steel Pipes, Hollow Sections, Forgings & Flanges, and infrastructure components like telecom and transmission line towers, railway bridges, and road safety equipment. Led by IIT Roorkee alumnus Mr. Mahesh Chandra Garg, the company has a strong legacy of over 37 years and a significant presence in high-growth sectors such as Automotive, Solar, Railways, Defence, and Infrastructure.

The company operates six advanced manufacturing plants in Uttar Pradesh and Gujarat, with a total capacity of 500,000 MTPA. Goodluck India serves a global customer base of over 600 clients, exporting its products to more than 100 countries. With a workforce of over 4,000 professionals, the company is dedicated to innovation and sustainability, actively participating in major projects like India’s first Bullet Train project to further solidify its position in the engineering solutions market. This small-cap company has a market cap of Rs 3,600 crore. The stock is up by 90 per cent in 2 years and has given multibagger returns of 2,500 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.