Shares of Gallantt Ispat may remain in focus after the company informed exchanges that its Board of Directors will meet on April 9, 2025, to consider a significant capacity expansion across its manufacturing units in Gorakhpur, Uttar Pradesh.
The official filing stated that the agenda for the upcoming board meeting includes discussions and approval for the expansion of various manufacturing capacities at the company’s plants located in the Gorakhpur Industrial Development Authority (GIDA) region. The move signals Gallantt Ispat’s intent to boost production capabilities in light of future growth plans.
While the detailed scope of the expansion will be disclosed post-board approval, the announcement comes amid a broader industrial push in Uttar Pradesh and increasing demand for steel and allied products in infrastructure and construction sectors.
The company currently operates manufacturing units in both Uttar Pradesh and Gujarat and is engaged in the production of sponge iron, steel billets, and rolled products.
The stock will be closely watched by investors ahead of April 9, especially given the recent momentum in steel sector counters on the back of infrastructure spending.
Gallantt Ispat is listed on both the BSE (Scrip Code: 532725) and NSE (Scrip Code: GALLANTT).
