New Delhi, Oct. 15 -- Specialized steel and engineering products maker Goodluck India Ltd is looking to invest Rs.400 crore to expand artillery shell production at its defence arm at Sikandrabad, Uttar Pradesh, over 12-18 months.

The move comes as the company seeks to diversify its revenue base amid global trade uncertainties fuelled by US president Donald Trump's tariff war. The US has imposed 50% tariffs on Indian exports, making it difficult for businesses to plan their capital expenditure.

The investments in Goodluck Defence and Aerospace Ltd, to be funded through a mix of debt and equity, underscore the Ghaziabad-headquartered company's intent to balance its traditional export-oriented portfolio, largely focused on the auto and eng...