As you all are aware Goodluck India Ltd. is a diversified engineering company withover 30 years of experience in manufacturing of sheets pipes engineering structuresfabricated structures forging and automobile tubes. Our key sectors of focus have beenautomobiles renewable energy infrastructure and power. We have sailed throughchallenging conditions of the economy with our grit and constant adaptation to thechanging market & economic conditions in the past.
Demonetization had impacted the demand and the margin however I am happy to share withyou that the impact of demonetization on demand and margin has drastically reduced; thereis moderation in steel prices; with focus of the present government on infrastructuredevelopment there is boom in the infrastructure sector - right from rapid work on highway projects to new rail networks solar plants to automobile. Demand has picked up formost sectors in which we have a stake which indicates a very promising time ahead.Make-in-India project of the Govt. is another shot in arm for our business.
The Modi government has lived up to its expectation and has introduced GST and webelieve this will be beneficial for our business in coming days. Our strategic growth planis taking firm shape as envisaged with our new manufacturing facility in Gujarat coming upfast and we hope it would be ready for commissioning by April 2018. Being close to twoports this would give us locational advantage for the purpose of exports.
Change is the only thing constant. Therefore we have been evolving with the changingtimes and conditions of the market. We have been strategically moving our focus towardsthe high margin value-added steel products while we continue to explore newer markets tostay relevant and improve our profit margins.
I am positive and have firm belief that with constant innovation the talent pool wehave in the company and constant adaptation to the changing environment we will do welland raise our profit margins.
Mahesh Chandra Garg