20
Jan
00:00
India's Good Luck Steel plans $32m investment to capitalise on infrastructure projects
Indian pipemaker and cold roller Good Luck Steel Tubes (GLST) plans to invest INR 20,000 lakhs ($32.39 million) to capitalise on the government’s focus on infrastructure development. The investment will provide a “huge impetus” for growth, GLST says in a statement seen by Kallanish.
This comes after the company registered a 3% year-on-year increase in net sales in the quarter through December to INR 25,610 lakhs, and a 198% surge in ne…
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