Gallantt Ispat Limited — Important, 19-06-2025: General Updates

Gallantt Ispat has announced a board meeting on June 19, 2025, approving a strategic investment of Rs. 72.50 Cr for acquiring a 33% stake in Gallantt Lifespace Developers Private Limited (GLDPL), marking its entry into real estate. The company has also been declared the preferred bidder for two iron ore blocks by the Uttar Pradesh government, securing mining rights over estimated reserves of ~50.6 Mn MT. Captive mining is expected to reduce raw material costs and boost operational profits for the Gorakhpur steel unit.