|Gallantt group added a new feather in its cap in 2006, when the foundation stone of its new project, GIL at GIDA, Gorakhpur, UP was laid by Hon’ble chief minister of Uttar Pradesh, Shri Mulayam Singh Yadav on 14th, November, 2006. Now that very foundation stone has transformed into what is the biggest and the most modern integrated steel plant in the entire state of Uttar Pradesh.|
The State government under the dynamic leadership of Hon’ble Chief Minister Ms. Mayawati declared our unit eligible under the scheme of Heavy Industrial Investment promotion policy of the Govt. Of UP, and granted an amount of Rs.24.28 crores as a part disbursement of the subsidies available under the scheme. The government’s policy and their continuous support has encouraged us to set up a project of this size.
GIL is one of the growing companies in Uttar Pradesh engaged in the manufacturing and marketing of Sponge Iron, Mild steel billets, Re-Rolled products (TMT bars and Structurals) and wheat flour products.
The Company was incorporated in February 2005 at Kolkata and is promoted by Mr. Chandra Prakash Agrawal, Mr. Prem Prakash Agarwal, Mr. Nitin M Kandoi.
We have set up an integrated steel plant and modern roller flour mill at Sector- 23, GIDA, Sahjanwa, Gorakhpur- Uttar Pradesh, to manufacture Sponge Iron, Mild steel billets, Re-Rolled products (TMT bars), flour. Considering the power requirements of our existing manufacturing facilities, our Company we are also setting up a captive power plant of 18 MW to meet its requirement of power. Our Company has already commenced commercial production of all the units.
The in house consumption of entire Sponge Iron to manufacture billets which is further rolled into TMT bars along with installation of captive power plant to utilize the waste heat would improve the profitability of the project thereby making it economically more viable.
At GIL, success is measured in terms of customer satisfaction and quality that is built into every product. The value of commitment to quality is also cherished by each of ourstaff members
Governments incentive to the unit:
Setting up the integrated steel plant and flour mill in Gorakhpur, Uttar Pradesh also provides our Company with benefits like Interest free loan equivalent to Sales Tax Amount for a period of 15 years. Besides this, the unit is also eligible for 20% capital subsidy, 10% Infrastructural subsidy, 5% additional subsidy. Further, 65% of capital investment is available in the form of transport subsidy for a total period of 15 years to be reimbursed against the payment of freight of raw materials i.e. Iron Ore. Thus, the total subsidy available to our unit is 100%, equivalent to the total amount invested in the fixed capital of the unit.
Our Vision: “Re-Engineering Success”
- Integrated and Insulated business in a cyclical industry
- Quality regarded as best in the industry at nominal affordable cost; Value for money
- Growth and Values to drive the group toward our Vision
- Value Creation for our shareholder’s and Value Generation for our Nation
- Focus to Foster Personal growth in connivance with Group’s vision
- Resource Optimization and Productivity Improvement
- Focus on Quality, Trust & Leadership
- Focus on Creating Insulated, Stable and profitable enterprise
- Sustainable development for Society at large and our Stakeholder’s
Our Values: The SPICE formula. Gallant group has survived with ease the toughest phase in the industry in last 2 decades. Undoubtedly, last 7 years of industry has been challenging. It is our commitment towards better management, improvement, innovativeness and cost saving techniques what we regard as the SPICE commitment towards our Business, Environment and Stakeholder’s which position us above the hierarchy.
The SPICE Formula
1 Service: Our commitment to serve the nation by contributing to infrastructural growth I s our primary objective. As an organization we have ensured prompt and proper service commitment to the entire stakeholder’s.
2 Productivity & Professionalism: Constant improvement on productivity is primary focus area for us. We constantly thrive to learn about newer technology that will ensure improvement in productivity and overall efficiency. We have bifurcated decision making structures and decentralized the power to encourage professionalism. Our constant efforts have reaped benefits and key management personnel and employees have been participating towards friendly work culture and work on improving operation effectiveness
3 Innovation: Process Innovation and Ensuring best technological update for our processes have helped to reduce cost and focus on better quality products
4 Communication: Communication system is of primary importance. We have evolved an environment where internal matters relating to business and processes are communicated to the lowest hierarchy with ease. Our firm belief is when all individuals align their aspirations with our Vision the Success will be Re-engineered. The only way to channelize the vision is through strengthening communication systems.
5 Engineering and Eco-Friendly Environment: We have firm commitment towards our environment. Gallant Group commits itself for cleaner environment. Our commitment towards environment is equal to our commitment towards creating value for our stakeholder’s. Gallant Udyog
Our Commitment: We always look to create value for our shareholder’s. Gallant Udyog limited is ready for next phase of growth and the firm has diversified to Infrastructure and Agriculture domain. Gallant group under its flagship Gallant Udyog acquired land parcels which have grown multifold in terms of value. Our strategic intent to diversify into Real Estate through partnerships and act as key supplier to their needs serve both the purpose of surviving the business environment as well create value for our Stakeholder’s.
The future cannot be ascertained but as the history suggests cyclical industries go through 6-7 years of consolidation and troughs bounce back even more sharply, we are hopeful that our next phase of growth will instigate our commitment towards better future. Keeping the future 2020 in mind we are considering massive expansion in a phased manner across 2016-2020.
Scheme of Amalgamation of Gallantt Udyog Limited with Gallantt Ispat LimitedCompanies have approved the Scheme of Amalgamation of Gallantt Udyog Limited with Gallantt Ispat Limited. As per the terms of the Scheme of Amalgamation approved by the Board of Directors, name Gallantt Ispat Limited shall be changed as “GALLANTT UDYOG LIMITED”.