Gallantt Ispat Limited (GIL), a major Indian producer of billets and rebars, has secured two iron ore blocks in Uttar Pradesh's Sonbhadra district through a government auction, the company announced on Tuesday, June 24.
According to the company statement, the acquisition will provide access to 50 million metric tons of iron ore reserves, significantly reducing GIL’s reliance on external raw material sources.
"This backward integration will allow us to directly transport iron ore to our steel plant, also located in Uttar Pradesh, cutting production costs and boosting operational efficiency," the company noted.
The strategic move aligns with GIL’s broader efforts to secure its raw material supply chain and optimize steelmaking operations in India’s northern region.
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