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Gallantt Ispat has announced a board meeting approving a strategic investment of Rs. 72.5 Cr to acquire 33% stake in Gallantt Lifespace Developers Pvt Ltd, marking its entry into the real estate sector. The company has also been declared the preferred bidder for two iron ore blocks in Uttar Pradesh, securing captive mining rights with estimated reserves of over 50 million MT. This move aims to boost operational efficiency by reducing raw material dependency and enhancing cost savings, potentially driving stronger profitability for the Gorakhpur Steel Unit.