GALLANTT ISPAT Share price

HISTORY AND CORPORATE STRUCTURE OF THE ISSUER COMPANYGallantt Metal Limited (GML) a closely held public limited company was incorporated in February 2005 having its registered office at "Centre Point" 21 Hemant Basu Sarani 3rd Floor Room No. 306 Kolkata- 700 001 India .GML has been promoted by Shri Chandra Prakash Agrawal Shri Dinesh R. Agarwal Shri Nitin Kandoi and P.B. Mercantiles Pvt. Ltd.The promoter directors of the company are in diversified business. Shri Chandra Prakash Agrawal had promoted Govind Mills Limited (GoML) in 1988 to set up a flour mill (18000 tpa) at Gorakhpur (U.P.). GoML currently has flour mills in and around Gorakhpur with an aggregate installed capacity of around 250000 tpa. In 1994 Shri Chandra Prakash set up a steel unit comprising of Induction furnace and re-rolling mill at Gorakhpur for manufacturing of M.S. Ingot and M.S Round Bar with an installed capacity of 52800 tpa under the same company. Shri Dinesh R. Agarwal one of the promoters had promoted another group company viz. M/s. Ganesh LaxmiProcessors Pvt. Ltd (GLPL) in 1993. GLPL is having dying printing and processing house of Art Silk cloth at Surat with an installed capacity of 126 lacs mtrs. p.a.GML has been incorporated with a view to set up a steel plant at Kutch Gujarat to manufacture Sponge Iron M.S. Billets Re-Rolled products (TMT Bars) with a captive power plant. The proposed project is envisaged to have the following manufacturing facilities.* Sponge Iron Plant with a capacity of 99000 MTPA* Steel Melt Shop: M.S. Billets via Induction Furnace & Caster Machine Route with a capacity of 176420MTPA* Re-Rolled Products with a capacity of 168300 MTPA.* Captive Power Plant of 18 MW capacityMAJOR EVENTS IN THE HISTORY OF THE COMPANYThe Company is incorporated in February 2005and the commercial production is expected to start in December 2005. There are no major events that have taken place since Company?s incorporation.