Gallantt Ispat has received an approval to expand capacity of its various plants at an estimated cost of Rs 510 crore. The board of directors at its meeting held on January 24, 2018 has approved for the same.
The company will expand its captive power plants, steel melting shop, DRI (directly reduced iron) and pellets plant. The project expansion will be funded by internal accruals including amount of subsidy to be disbursed by the state government of Uttar Pradesh.
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.
