As of 12:40 PM on April 16, 2025, shares of Gallantt Ispat Limited were trading up by 2.57%, touching a new 52-week high on the bourses. The rally comes on the back of a significant capacity expansion announcement. The stock has shown strong momentum, rising by over 8.5% in the month of April so far.
At its board meeting, Gallantt Ispat Limited approved a substantial capital expenditure of ₹1,014.98 crore. The investment will support:
Notably, the entire CapEx will be funded through internal accruals, with no external debt being raised for this initiative.
The planned expansion involves increasing the output capacities of key units at the company’s integrated steel facility in Gorakhpur, Uttar Pradesh. The updated capacities post-expansion will be:
| Product | Proposed Addition | Existing Capacity | Total Capacity After Expansion |
| Steel Billets (MT) | 2,72,250 | 5,28,000 | 8,00,250 |
| Rolling Mill (MT) | 2,77,200 | 528000 | 8,05,200 |
| Sponge Iron (MT) | 1,15,500 | 5,44,500 | 6,60,000 |
| Pellet (MT) | 1,98,000 | 7,92,000 | 9,90,000 |
| Captive Power Plant (MW) | 78 | 22 | 100 |
| Captive Solar Power Plant (MW) | 0 | 100 | 100 |
The entire project has been categorised as a brownfield expansion, enabling quicker execution given the existing infrastructure. The company aims to complete the project by March 2026.
The expansion underscores Gallantt Ispat’s long-term growth vision and commitment to sustainability through renewable energy integration. By using internal resources for funding, the company aims to maintain a robust balance sheet while scaling operations to meet rising demand.
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Published on: Apr 16, 2025, 3:40 PM IST
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