
Deals5 Aug 2026, 08:50 pm
Gallantt Ispat declared Preferred Bidder for coal block
AI Summary
Gallantt Ispat Ltd has been declared the "Preferred Bidder" for the Dongrital-ll coal block in Madhya Pradesh by The Madhya Pradesh State Mining Corporation Limited (MPSMC). The company won the bid with a revenue share of 6.5%. This development marks Gallantt Ispat's entry into commercial coal mining. The company is currently evaluating the next steps for the development of the coal block and will provide further updates on material developments.
Key Highlights
- Gallantt Ispat declared Preferred Bidder for a coal block.
- Winning bid secured at 6.5% revenue share.
- Marks entry into commercial coal mining operations.
- Company evaluating next steps for block development.
Price Impact
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