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Gallantt Metal gets nod to acquire GL Steel and Power

28 Feb 2018 Evaluate

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).

Peers
Company Name CMP
JSW Steel 1266.00
Tata Steel 184.70
Steel Authority 174.00
Jindal Stainless 743.30
APL Apollo Tubes 2180.20
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