Amalgamation of Gallantt ISPAT with Gallantt Metal completed and the combined entity is renamed as Gallantt ISPAT.
There are some additional restructuring happened
-
Some subsidiaries are sold to promoters
-
Proposed cement plant is carried out by sold out subsidiary and land taken for Metro project still not completed
-
Wheat production for FY22 is 1/10th of the FY21, seems these mills are also getting sold
Major capex are done with palletisation plant alone is pending. Current available capacity is almost twice of the production in FY22. This could help company to grow its revenue for sometime