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Gallantt Ispat invests around Rs 300 crore in Pellet Plant unit

06 Jul 2023 Evaluate

Gallantt Ispat has invested an amount around of Rs 300 crore in the Pellet Plant unit having a capacity of 7,92,000 MTPA situated at Gorakhpur. The entire project cost has been funded through internal resources without availing any Term Loan from Financial Institutions/Banks. Pellet Plant being a backward integration will reduce the raw material cost which in turn will help to improve the profitability of the Company.

Gallantt Ispat manufactures Sponge Iron, Mild Steel Billets, Re-Rolled products (TMT bars) and a Modern Roller Flour. 

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Company Name CMP
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