The announcement was made after market hours yesterday, 23 March 2015.

Meanwhile, the S&P BSE Sensex was up 116.88 points or 0.41% at 28,308.90.

On BSE, so far 1.36 lakh shares were traded in the counter as against average daily volume of 1.40 crore shares in the past one quarter.

The stock hit a high of Rs 78.05 and a low of Rs 74 so far during the day. The stock had hit a 52-week high of Rs 89.80 on 19 November 2014. The stock had hit a 52-week low of Rs 17.65 on 14 May 2014.

The stock had underperformed the market over the past one month till 23 March 2015, sliding 9.05% as compared to the Sensex's 2.7% fall. The scrip had, however, outperformed the market in the past one quarter, jumping 8.67% as compared to the Sensex's 2.49% rise.

The small-cap firm has equity capital of Rs 4.20 crore. Face value per share is Rs 2.

Goodluck Steel Tubes said it got approval by Chittaranjan Locomotive Works (CLW) for manufacturing in its forging unit the armature shaft of HTM for electrical locomotives. Goodluck Steel Tubes said it has become part-I supplier to the CLW by successfully suppyling armature shafts. Another critical part i.e. rotor shaft is under advance development stage against CLW's developmental order, Goodluck Steel said in a statement. Goodluck Steel Tubes said it is visualizing a huge scope of its products such as CDW tubes, forging, structure fabricated items in the expansion of railway infrastructure. The company is eying a good amount of share from different railway projects, Goodluck Steel Tubes said.

Goodluck Steel Tubes' net profit jumped 197.6% to Rs 7.38 crore on 2.8% growth in net sales to Rs 256.10 crore in Q3 December 2014 over Q3 December 2013.

Goodluck Steel Tubes is engaged in manufacturing and exporting of wide range of automobile CDW tubes, forged engineering products, T&D towers & boiler structure, galvanized pipes, roofing sheets & annealed sheets.