Gallard Steel Ltd has secured 30,700 square metres of leasehold industrial land in Sector-7, Pithampur, Madhya Pradesh, for ₹7.02 crore, as part of its strategic plan to enhance operational capabilities and expand production capacity.
The Madhya Pradesh Industrial Development Corporation has issued a Letter of Intent to the company for the allotment. The acquired land will be utilised to build new facilities or expand existing ones, directly supporting the company’s ability to increase production and potentially introduce new products.
The acquisition aligns with Gallard Steel’s long-term objectives of diversifying its product portfolio and scaling up overall capacity, signalling continued commitment to infrastructure investment and growth.
