Business Update16 Apr 2025, 05:28 pm
Gallantt Ispat Ltd. Approves Rs. 1,014.98 Crores Capex for Capacity Expansion and Captive Solar Power Plant
AI Summary
Gallantt Ispat Ltd. has decided to expand the installed production capacity of its Integrated Steel Plants at Gorakhpur and set up a Captive Solar Power Plant. The company will invest a total of Rs. 1,014.98 Crores for this expansion, which will be funded entirely through internal accruals. The project tenure is scheduled to be completed by March 2026.
Key Highlights
- Gallantt Ispat Ltd. to expand the capacity of its Integrated Steel Plants at Gorakhpur
- Total Capex approved for the expansion and Captive Solar Power Plant is Rs. 1,014.98 Crores
- The entire project will be funded through internal accruals without borrowing any debt
- The project tenure is scheduled to be completed by March 2026
- Gallantt Ispat Ltd. also plans to set up a Captive Solar Power Plant