Our Group Companies Gallantt Ispat Limited and Gallantt Metal Limited were involved in a Scheme of Amalgamation. Pursuant to sanction of the Scheme by the Honourable National Company Law Tribunal, New Delhi Bench vide Order dated May 20, 2022 Gallantt Ispat Limited amalgamated with Gallantt Metal Limited. Later Gallantt Metal Limited has changed its name to Gallantt Ispat Limited.
The plants are situated in –
A). The Purvanchal Region of Uttar Pradesh, which is industrially backward. It is spread over 112 acres of land allotted by Gorakhpur Industrial Development Authority situated at Sector 23, GIDA, Sahjanwa, Gorakhpur.
B). The plant is situated in the Kutch district of Gujarat, which was devastated by earth-quake in 2001 and it is spread over 116 acres of free hold land situated at Survey no. 175/1, Village – Samakhyali, Taluka – Bachau, Kutch, Gujarat.
The Company has also set up Captive Power plants both at Gorakhpur and Kutch to meet its requirement of power.
The Company has its own private railway siding, under the code MGIS allotted by Indian Railway, at Industrial complex in Gorakhpur for efficient procurement of major raw material viz. Iron Ore and Coal in large bulk.
Company is providing employment to around 3500 persons directly or indirectly.
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