Expansion16 Jul 2026, 05:30 pm
Gallard Steel Secures 30,700 Sq Mt Industrial Land in MP
AI Summary
Gallard Steel Ltd has received a Letter of Intent from Madhya Pradesh Industrial Development Corporation (MPIDC) for the allotment of leasehold industrial land measuring 30,700.00 Sq Mt in Pithampur, Madhya Pradesh. This acquisition, costing ₹7.02 Crore, is part of the company's long-term expansion strategy to enhance operational capabilities, support capacity expansion, and diversify its product portfolio. The land is located in Sector-7, Pithampur, within the Indore district. This transaction is not a related party transaction and is outside any scheme of arrangement.
Key Highlights
- Gallard Steel to acquire 30,700 Sq Mt industrial land in Pithampur.
- Acquisition cost is ₹7.02 Crore, funded through leasehold agreement.
- Expansion aims to boost operational capabilities and product diversification.
- Land acquisition supports long-term growth and future business opportunities.
Price Impact
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