Gallantt Ispat Ltd - Stock Valuation and Financial Performance

Gallantt Metal was incorporated on February 7, 2005; since then the company has come a long way from a small oil extracting mill with an investment of Rs 4 lakh to presently running three flour mills and a mini steel plant to manufacture Rolled Bars in UP and a most modern integrated steel plant with captive power plant of 25 MW at Kutch in Gujarat. The company has multi-locational manufacturing facilities. Enthused by the successful commissioning of this project, the group is setting up another integrated steel plant with captive power plant at Gorakhpur, UP with an investment of Rs 335 crore.

Gallantt Metal Limited is running integrated steel plant in Kutch, Gujarat, to manufacture Sponge Iron, M.S. Billets, Re-Rolled products (QST bars) with a captive power plant with an investment of Rs 220 crore.

The integrated steel complex has been set up at village Samalkhyali, Taluka Bhachau of Kutch, Gujarat. The site is well connected with all types of transportation facilities both for raw materials and finished products. It is approximately 500 meters from the NH 8A connecting New Delhi-Kandla-Mumbai Highway and only 700 meters away from the Sama Khayali railway station. This enables the complex to have its own railway siding. Furthermore, the presence of the Kandla and Mundra Port only 50 and 70 km away from the site give an added advantage. The Bhuj airport is only 60 km away.

In the western region there is a substantial gap between demand and supply of finished steel. The company markets its bulk of the products in Gujarat, Maharashtra and Rajasthan. The post-earthquake era has seen a surge in infrastructural and construction activities. This in turn, has raised the demand of TMT bars and ancillary products in the region. The proximity to the market reduces freight costs enormously which will fetch a higher margin on sales.

The requirement of power is fulfilled totally from its captive power plant, which ensures uninterrupted power supply at much cheaper rate.

Since India is on a path of rapid development, the steel industry is also growing fast in accordance with the developments to create an industry that is sustainable in all means. The Indian Steel industry has also undergone drastic changes during the recent years as never seen before to cope with the never ending demand for the steel products; and has become one of the major steel producing countries in the world.

Gallant Industries has been setting new standards of excellence by way of manufacturing quality products. It is engaged in manufacturing of superior quality sponge iron, M.S. Billets, Re Rolled products with their manufacturing facilities in the state of Uttar Pradesh and Gujarat. The company's commitment towards producing the best quality steel is well reflected in the fact that they attained certifications from various recognized organizations such as Bureau of Indian Standard ( ISI), ISO 9001-2000, and H & K (Germany) .

Products offferd by the company includes:

• Sponge Iron - Sponge Iron is obtained by direct reduction (elimination of oxygen) of iron ore, without melting it in a blast furnace. Sponge Iron is an intermediate iron product used as substitute for steel scrap while producing steel through the electric induction furnace route. The entire production of Sponge Iron would be consumed in-house for manufacturing of MS billets.
• M.S. Billets -  Billet, being a semi-finished product, is used for feedstock to rolling mills for production of long products like wire rods, bars/rods and structural. Steel Billet is also used extensively in forge shops and machine shops for production of engineering goods and also as feedstock for seamless tubes.
• Rolling Mill - Re-rolled products (TMT Bars) are manufactured using M.S. Billets as the main feed stock. Gallantt strictly maintains its quality conforming to Indian standards such as ISI , ISO 9001-2000 but also to international standards such as H & K, Germany to name a few. Thus it helps the company to market its products overseas as well.

Awards & Achievements

The company has received certifications from various recognized organizations such as Bureau of Indian Standard ( ISI), ISO 9001-2000, and H & K (Germany) .