Gallantt Ispat skyrockets 13% after commencing commercial production of expanded capacity

The existing capacity of the M.S. Billet and M.S. BAR unit is 3,30,000 MTPA and the expanded capacity is 5,28,000 MTPA.

Apr 05, 2021 12:04 IST India Infoline News Service

Gallantt Ispat Limited has commenced commercial production of the expanded capacity of M.S. Billet (MTPA) and M.S. Bar (MTPA). The existing capacity of the M.S. Billet and M.S. BAR unit is 3,30,000 MTPA and the expanded capacity is 5,28,000 MTPA.

“Commercial Production on expanded capacity of Sponge lron Unit and Power Plant Unit is expected to be complete as per the scheduled time,” company said in a regulatory filing on Thursday.

At around 1.02 pm, Gallantt Ispat Ltd was trading at Rs45.10 per piece up by Rs5.15 or 12.89% from its previous closing of Rs39.95 per piece on the BSE. The bullish stock climbed a day's high of Rs46.40 per piece amidst the markets bears. 

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