Gallantt Metal is planning to acquire GL Steel and Power as a Wholly Owned Subsidiary. The meeting of the Board of Directors of the company will be held on February 28, 2018, to consider the same.
The Board will also consider Inter-Corporate Loan to GL Steel and Power within the limits as prescribed under Section 186 of the Companies Act, 2013.
Gallantt Metal manufactures Sponge iron, M.S Billets, Re-Rolled Products (QST Bars).