Gallantt Ispat Ltd has announced a sweeping expansion strategy after its board approved a ₹10.15 billion capital expenditure plan to scale up its steel manufacturing operations and invest in renewable energy. The company will boost production capacity at its plants and commission a new solar power facility, underscoring its dual commitment to growth and sustainability.
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Major Capex Commitment:
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The board sanctioned a ₹10.15 billion investment to drive capacity enhancements across Gallantt Ispat’s integrated steel operations and to develop a solar power plant, reducing its future energy costs and carbon footprint.
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Rolling Mill Capacity to Surge:
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Gallantt Ispat’s rolling mill capacity is set to nearly double, increasing to 805,200 metric tonnes (MT) from current levels. The expansion will enable the company to meet growing domestic demand for processed steel and serve new customer segments.
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Steel Billets Capacity Upgraded:
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The company will also raise its steel billets production capacity to 800,250 MT, reinforcing its position as a leading supplier in the Indian steel sector. Billets are a crucial intermediate in the steel value chain and this move will further strengthen vertical integration.
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Green Energy Initiative:
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As part of the approved capex, Gallantt Ispat will establish a solar power plant. This supports the company’s sustainable growth goals by diversifying its energy mix and minimizing long-term operational costs linked to traditional power sourcing.
Leadership Insights:
A Gallantt Ispat spokesperson stated,
“With this expansion, we are future-proofing our business by ramping up core capacities while investing in renewable energy. It’s a bold step towards meeting India’s infrastructure needs sustainably.”
Outlook:
The expansion is expected to increase Gallantt Ispat’s market share, operational efficiency, and profitability, making the company a prominent player in both steel and clean energy segments.
Source: Company disclosure, stock exchange filing, April 15, 2025.
