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Gallantt Ispat starts commercial production of expanded capacity

15 Dec 2017 Evaluate

Gallantt Ispat has commenced commercial production of the expanded capacity which includes Sponge, SMS, Rolling and CPP unit with effect from December 01, 2017. However, to achieve estimated capacity utilization of the unit will take two months time as some of the equipments are still under installation. The company has invested around Rs 230 crore till November, 2017 towards the expansion.

Gallantt Ispat is engaged in the manufacturing and marketing of sponge iron, mild steel billets, re-rolled products (TMT bars and mild steel structural) and wheat flour products.

Peers
Company Name CMP
JSW Steel 1255.00
Tata Steel 184.65
Steel Authority 181.60
Jindal Stainless 746.95
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