Gallantt Ispat Limited — Board Meeting, 16-04-2025: Outcome of Board Meeting

The Board of Directors has announced a board meeting outcome, approving a capacity expansion at the Gorakhpur Integrated Steel Plants and the establishment of a captive solar power plant. The total capex for this project is set at ₹1,014.98 Cr, which will be funded entirely through internal accruals, avoiding any debt. The expansions will enhance production of steel billets and sponge iron, with a completion target by March 2026. This strategic move aims to bolster operational efficiency and sustainability in the company's production processes.