Gallantt Metal has received an approval to acquire entire shareholding of GL Steel and Power with an investment proposal in Equity Shares of GL Steel and Power upto an amount not exceeding Rs 1 crore so as to make GL Steel and Power as a Wholly Owned Subsidiary of the company. The Board of directors of the company at its meeting held on February 28, 2018 has approved for the same.
Gallantt Metal manufactures Sponge iron, M.S Billets, Re-Rolled Products (QST Bars).