Gallantt Group to expand GIDA units with an investment of ₹1,015 crore

Gorakhpur : Buoyed by investor-friendly policies and a crime-free environment fostered by the Yogi Adityanath government, the Gorakhpur Industrial Development Authority (GIDA) region is witnessing a surge in both new investments and expansion of existing industrial units. Among the leading names, the Gorakhpur-based Gallantt Group has announced a significant expansion plan, committing ₹1,015 crore to enhance its existing facilities in GIDA.

With this move, Gallantt Group’s total investment in Gorakhpur will scale up to ₹2,500 crore. Commending the Yogi government’s policies and its emphasis on creating a secure, business-conducive atmosphere, Gallantt Group Chairman and Managing Director Chandra Prakash Agarwal stated that such large-scale investments have been made possible only because of the state’s pro-industry vision and fear-free environment.

Shri Agarwal highlighted that Gallantt’s journey in GIDA began in 2009 with an initial investment of ₹350 crore. This figure rose to ₹1,500 crore over time, and with the upcoming expansion, it will reach ₹2,500 crore. The expansion is expected to generate direct and indirect employment opportunities for nearly 1,000 people. As the company is listed on both BSE and NSE, its shareholders will also benefit from the economic gains of this growth.

Shri Agarwal detailed the investment, saying ₹715 crore will be used to upgrade and expand all Gallantt Ispat Limited production units. In comparison, ₹300 crore will go toward setting up a new 100 MW solar power plant. This solar plant will support production operations and strengthen the company’s commitment to green energy.

Post-expansion, the annual production capacity of the pellet plant will rise from 8 lakh to 10 lakh tonnes, the sponge iron capacity from 5.5 lakh to 6.5 lakh tonnes, and the steel melt shop and rolling mill from 5 lakh to 8 lakh tonnes. The company’s power generation capacity will also increase, with the current in-house plant going from 78 MW to 100 MW.

Shri Agarwal reiterated that the remarkable improvement in the state’s industrial climate under Chief Minister Yogi Adityanath has boosted investor confidence and enabled existing entrepreneurs to scale up their ventures with renewed optimism.