Gallantt Ispat trades marginally higher on planning for addition in capacities of two units in Gorakhpur
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Gallantt Ispat is currently trading at Rs. 97.55, up by 0.19 points or 0.20% from its previous closing of Rs. 97.36 on the BSE.
The scrip opened at Rs. 97.01 and has touched a high and low of Rs. 98.04 and Rs. 95.75 respectively. So far 2828 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 100.00 on 05-Sep-2023 and a 52 week low of Rs. 46.00 on 23-May-2023.
Last one week high and low of the scrip stood at Rs. 100.00 and Rs. 88.95 respectively. The current market cap of the company is Rs. 2349.11 crore.
The promoters holding in the company stood at 68.79%, while Institutions and Non-Institutions held 0.01% and 31.20% respectively.
Gallantt Ispat is planning for addition in the capacities of Direct Reduced Iron Unit (DRI/Sponge Iron Plant) and Steel Melt Shop Unit (SMS/Billets Plant) of the Company situated at Gorakhpur, UP. A meeting of the Board of Directors of the Company will be held on September 11, 2023 to discuss, consider and approve the same.
Gallantt Ispat manufactures Sponge Iron, Mild Steel Billets, Re-Rolled products (TMT bars) and a Modern Roller Flour.
