Gallantt Ispat Ltd.
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Gallantt Ispat Ltd.

Gallantt Ispat was incorporated in February 2005 at Kolkata and is promoted by Chandra Prakash Agrawal, Prem Prakash Agarwal, Nitin M Kandoi, Chandra Prakash Agarwal & Sons HUF and Gallantt Metal.

The company 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 mild steel structural) and wheat flour products

The company was incorporated with a view to 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 its existing manufacturing facilities, the company also proposes to set up a captive power plant to meet its present requirement of power. The company has already commenced commercial productions for mild steel billets, re-rolled products (TMT bars) in May 2009 and wheat flour products in March 2009. The company also proposes to expand its business into sponge iron production.

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 its 256 staff members. The company has met standards of Bureau of Indian Standards and has received the IS 1786:2008 certification for high strength deformed steel bars for concrete reinforcements (TMT).

Setting up the integrated steel plant and flour mill in Gorakhpur, Uttar Pradesh also provides the company with benefits like Interest free loan equivalent to sales tax amount for a period of 15 years, transport subsidy for 15 years, 20% subsidy of fixed capital investment, 5% additional subsidy of fixed capital investment being first unit under this scheme and exemption of Mandi tax-2% on wheat purchase, among other benefits.

Products of the company

• Sponge Iron
• M. S. Billets
• Re-rolled Products
• Captive Power Plant
• Flour Mill

Group companies

• Gallantt Metal, Kutch - Gujarat
• Gallantt Udyog, U.P.

Milestones

• February 11, 2005: Incorporation of the company
• February 16, 2005: Received certificate of commencement of business
• September 30, 2007: Issued bonus shares to its members in the ratio of seven equity shares for every three equity shares held
• October 1, 2007: General investment division of Gallantt Udyog demerged into the company
• April 1, 2008: Zircon Commercial, DR Advisory Services, Mantra Vanijya, Dynasty Sales, Sridhar Tie-Up, Sanhati Tradlink and Mrinmoyee Sales amalgamated with the  company
• November 17, 2008: The company entered into a consortium agreement with the State Bank of India, State Bank of Mysore and the State Bank of Patiala for availing an amount of Rs 12,600 lakh
• March 4, 2009: Start of commercial operations of flour mill with an installed capacity of 1,08,000 MTPA and also Start of commercial operations of steel melt shop with an installed capacity of 1,62,380 MTPA
• May 11, 2009: Start of commercial operations of rolling mill with an installed capacity of 1,67,400 MTPA
• October 15, 2009: Received quality certification, IS 1786:2008 from the Bureau of Indian Standards for high strength deformed steel bars and wires for concrete reinforcement (TMT)