Gallantt Group of Industries
Gallantt Group of Industries
Gallantt Group of Industries
Gallantt Group of Industries
Gallantt Group of Industries
Gallantt Group of Industries
Gallantt Group of Industries Gallantt Group of Industries Gallantt Group of Industries Gallantt Group of Industries Gallantt Group of Industries

GALLANTT ISPAT LIMITED

COMPANY OVERVIEW

Gallantt Ispat Limited (GIL) has become a well established public limited company, listed on both the premier stock exchanges of India viz. Bombay Stock Exchange Limited and National Stock Exchange. GIL is one of the companies of Gallantt Group which was incorporated in 2005 at Kolkata, with an object to carry on the business of manufacturers, producers etc. in all kinds of iron and steel products such as sponge iron, Pellets, pig iron, cast iron, bars, rods, billets, Captive power plant and wheat products. The group has come a long way since 1984, when it made a simple and humble beginning by setting up a small industrial venture, to presently running an primary steel plant with captive power plant and flour mill with own private railway siding in the state of Uttar Pradesh with an investment of Rs.350 Crore, is the only one of its kind in the State of U.P., Bihar, Uttaranchal, Haryana and Delhi.

Gallantt Ispat Limited is one of the fast and aggressively growing organization, which has captured a substantial market of Sponge Iron, M.S., Billets, Re-Rolled products (TMT bars) and wheat flour products in the state of Uttar Pradesh within a short span of time. The group has about three decades of experience in steel and food processing industries and is well known by its brand name "Gallantt" which is ISO 9001:2008 & ISI certified. We are currently catering to various reputed clients such as Shalimar Corp Ltd., Viraj Construction Pvt. Ltd., Parasnath Developers, Omega Developers & Builders, BBD University, Uttar Pradesh Rajkiya Nirman Nigam and other State Government Departments.

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 improves profitability of the company 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 our staff members. This growth has been achieved by a maintained strategy of continual investment in our manufacturing facilities and technology. As a testimony to this "Gallantt" has become one the major secondary steel producers in India.

Installation of private railway siding for easy movement of raw material and finished goods has incurred lower logistic costs and proved enormous advantages to the Company and kept other similar business houses in the region very far and out of competition. Company has achieved all its past projections, sales target and posted a progressive margin year after year, in spite of sluggish market and low demand in the recent years.

We, at Gallantt, have always believed in the process of evolving & diversifying as the only way to succeed & move ahead. Keeping a view of this endeavor, we forayed into the field of Real state with our flagship project Shalimar Gallantt, Mahanagar, Lucknow. The same is being developed in a joint venture with one of the reputed developers in Lucknow, The Shalimar Group. Shalimar Gallantt is a high-end group housing being developed at a strategic location in the heart of Lucknow, Mahanagar. The Project is spread over an area of 15 acres and has been designed by Architects of international fame, M/s Arcop from Montreal Canada. The Landscapist for the project is MPFP Llc. from the U.S.A. and is headed by Mr. Paul Freidberg. Shalimar Gallantt as a project has been cautiously designed while keeping in mind the demographical requirement of the population in and around Lucknow; basis which, a combination of 2 BHK/ 3 BHK/ 4 BHK apartments have been designed to suit the needs of the buyers. The total build-up area of this project is a whopping 15 Lac Sq. Ft. which also makes us the largest project in terms of size inside the city centre of Lucknow.

EXPANSION PLAN IN GALLANTT ISPAT LIMITED

Company sells substantial part of its production in U.P. Acknowledging the region's enormous potential for steel consumption company has already taken an expansion plan to the tune of 495000 MTPA with 55.5 MW of Power Generation capacity as detailed below. Such a step would require a huge investment of approx Rs.400 crores within a short span for which Company is well equipped with. Cost of expansion shall be funded through Internal Accruals and a term loan of Rs.100 cr. From Bank. Consequent upon the expanded capacity being starting operational by October, 2018 being fully operational, turnover and profitability of the Company will be increased substantially. Company is planning to fund the expansion in such a way that its day to day operation and fund requirement does not get adversely affected. Existing infrastructure in manufacturing unit is sufficient to accommodate expansion plan.

                                                                                            Capacity in MTPA

Units

Existing Capacity

Addition

Total Capacity after expansion

Phase -1

Phase - 2

Total

Sponge Iron

99000

198000

148500

346500

445500

Steel Melt Shop

167400

162600

82500

245100

495000

Rolling Mill

162380

167620

165000

332620

495000

Captive Power Plant

18MW

25 MW

12.5 MW

37.5 MW

55.5 MW

Flour Mill

108000

NIL

NIL

NIL

108000

GOVERNMENT INCENTIVE TO GALLANTT ISPAT LIMITED FOR EXISTING UNIT

Setting up of the primary 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.

GOVERNMENT INCENTIVE TO GALLANTT ISPAT LIMITED FOR EXPANSION

The expansion project will have an advantage of the industrial policy of the State government. State Government has given its "in principal approval" for our proposed expansion and have already issued a "Letter of Comfort" in our favour. The policy envisages to provide incentives to the unit investing more than Rs.200 crores like : 80% reimbursement of amount of SGST deposited by the Unit, for a period of fifteen years subject to ceiling of 300% of the fixed assets capital investment and interest subsidy by way of reimbursement of Interest at the rate of 5% paid in a year on the term loan for plant and machinery or Rs.2 crore, whichever is less for a period of five years subject to a maximum limit of Rs.10 crores.

EXCELLENT TRACK RECORD OF LOAN REPAYMENT

An amount of Rs.156 crores was sanctioned and disbursed to Gallantt Ispat Limited, Gorakhpur and an amount of Rs. 190 crores was sanctioned and disbursed to Gallantt Metal Limited, Gujarat, by State Bank of India and other consortium member banks which was due to be repaid by 2016; but company has repaid the entire loan well in advance in 2014; thus making the group debt free except for the working capital loan.

 

 

Gallantt Group of Industries
Gallantt Group of Industries
OUR PRODUCTS
Sponge Iron | M. S. Billets | Rolling Mill| Wheat Products
Gallantt Group of Industries
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Gallantt Group of Industries