|Gallantt group added a new feather in its cap in 2006, when the foundation stone of its new project, GIL at GIDA, Gorakhpur, UP was laid by Hon’ble chief minister of Uttar Pradesh, Shri Mulayam Singh Yadav on 14th, November, 2006. Now that very foundation stone has transformed into what is the biggest and the most modern integrated steel plant in the entire state of Uttar Pradesh.|
The State government under the dynamic leadership of Hon’ble Chief Minister Ms. Mayawati declared our unit eligible under the scheme of Heavy Industrial Investment promotion policy of the Govt. Of UP, and granted an amount of Rs.24.28 crores as a part disbursement of the subsidies available under the scheme. The government’s policy and their continuous support has encouraged us to set up a project of this size.
GIL is one of the growing companies in Uttar Pradesh engaged in the manufacturing and marketing of Sponge Iron, Mild steel billets, Re-Rolled products (TMT bars and Structurals) and wheat flour products.
The Company was incorporated in February 2005 at Kolkata and is promoted by Mr. Chandra Prakash Agrawal, Mr. Prem Prakash Agarwal, Mr. Nitin M Kandoi.
We have set up an integrated steel plant and modern roller flour mill at Sector- 23, GIDA, Sahjanwa, Gorakhpur- Uttar Pradesh, to manufacture Sponge Iron, Mild steel billets, Re-Rolled products (TMT bars), flour. Considering the power requirements of our existing manufacturing facilities, our Company we are also setting up a captive power plant of 18 MW to meet its requirement of power. Our Company has already commenced commercial production of all the units.
The in house consumption of entire Sponge Iron to manufacture billets which is further rolled into TMT bars along with installation of captive power plant to utilize the waste heat would improve the profitability of the project thereby making it economically more viable.
At GIL, success is measured in terms of customer satisfaction and quality that is built into every product. The value of commitment to quality is also cherished by each of ourstaff members
Governments incentive to the unit:
Setting up the integrated steel plant and flour mill in Gorakhpur, Uttar Pradesh also provides our Company with benefits like Interest free loan equivalent to Sales Tax Amount for a period of 15 years. Besides this, the unit is also eligible for 20% capital subsidy, 10% Infrastructural subsidy, 5% additional subsidy. Further, 65% of capital investment is available in the form of transport subsidy for a total period of 15 years to be reimbursed against the payment of freight of raw materials i.e. Iron Ore. Thus, the total subsidy available to our unit is 100%, equivalent to the total amount invested in the fixed capital of the unit.
|II||Steel Melt Shop (Induction furnace with continuous Castor)||
|IV||Captive Power Plant||