Gallantt Ispat has incurred INR 652.54 crore in capital expenditure till Q2 FY2026–27 as part of its INR 3,000 crore investment programme through FY2030, covering steelmaking capacity expansion, raw-material integration and power projects.

Oct 22, 2026

Gallantt Ispat Limited plans to invest INR 3,000 crore by FY2029–30 in capacity expansion, raw-material integration and power projects. As part of this programme, the company has incurred INR 652.54 crore in capital expenditure till Q2 of FY2026–27.

The company aims to increase its steelmaking capacity from 9,93,300 MT to approximately 12,29,000 MT through debottlenecking, with the enhanced capacity targeted for Q3 FY2027. The investment programme also covers capacity enhancement at its Gorakhpur and Kutch plants, strengthening raw-material linkages through iron ore mines, and developing solar power capacity.

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Its power expansion plans include a 60 MW solar project at Prayagraj, scheduled for Q4 FY2027, alongside its existing 18 MW solar facility at Sidhpur, commissioned in July 2026. These investments are intended to strengthen production capacity, improve raw-material security and support energy efficiency.