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Gallantt Metal Ltd.

BSE: 532726 Sector: Metals & Mining
NSE: GALLANTT ISIN Code: INE297H01019
BSE 00:00 | 22 Sep 73.60 0.25
(0.34%)
OPEN

76.10

HIGH

76.10

LOW

71.00

NSE 00:00 | 22 Sep 74.10 1.25
(1.72%)
OPEN

75.80

HIGH

77.00

LOW

71.75

OPEN 76.10
PREVIOUS CLOSE 73.35
VOLUME 13924
52-Week high 88.00
52-Week low 28.90
P/E 7.80
Mkt Cap.(Rs cr) 599
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 76.10
CLOSE 73.35
VOLUME 13924
52-Week high 88.00
52-Week low 28.90
P/E 7.80
Mkt Cap.(Rs cr) 599
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Gallantt Metal Ltd. (GALLANTT) - Company History

Gallantt Metal Ltd a Gallantt Group of Companies is engaged in the production of iron steel and power primarily in India. The company operates in two segments: Steel and Power. Their products include sponge iron M.S. billets re-rolled products (TMT bars) and M.S. bars. The company is having an integrated steel plant in Kutch Gujarat to manufacture Sponge Iron M.S. Billets Re-Rolled products (QST bars) with a captive power plant with an investment of Rs.220 crores. The project has been installed at an area of 122 acres of land.The manufacturing unit comprises of a Steel melt shop with capacity of 176420 MTPA Sponge Iron unit with a capacity of 99000 MTPA a rolling mill with a capacity of 168300 MTPA and captive power plant with a capacity of 25 MW.Gallantt Metal Ltd a closely held public limited company was incorporated in February 2005 at Kolkatta. The company was by Chandra Prakash Agrawal Dinesh R Agarwal Nitin Kandoi and P B Mercantiles Pvt Ltd. The company was established with a view to set up a plant in Kutch Gujarat for manufacturing Sponge Iron M.S. Billets Re- Rolled products (TMT bars) with a captive power plant.In December 29 2005 the company commenced their phase I commercial operations. In March 7 2007 the company commissioned the phase-II of the project which was the 25MW Captive Power Plant. During the year 2009-10 the company took various strategic initiatives to improve their volumes and profitability. They expanded their market to sell production within the state of Gujarat Maharashtra and Rajasthan.The company has acquired a land of 106 acres for the expansion plan at Koppal in Karnataka. The company proposes to set up Steel and Power projects in the acquired land.

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