Gallantt Ispat Limited — Important, 16-04-2025: General Updates

The Board of Directors has approved a significant capacity expansion for the Integrated Steel Plants at Gorakhpur, alongside the establishment of a captive solar power plant. The planned expansions include increasing the capacity of Steel Billets to 8,05,200 MT, Sponge Iron to 9,90,000 MT, and Pellets to 7,82,210 MT. The total project cost is estimated at Rs. 1,014.98 Cr, which will be funded through internal accruals, aiming for completion by March 2026. This development signals a strategic move to enhance production capabilities and reduce reliance on external energy sources, presenting a positive outlook for the company’s operational efficiency and sustainability goals. Investors should watch closely for the potential benefits this expansion could bring to overall production and revenue growth.