<h1>Gallantt Ispat Limited Declared Preferred Bidder for Coal Block with 6.5% Revenue Share</h1>
Gallantt Ispat Limited has been declared the "Preferred Bidder" in a bidding process conducted by The Madhya Pradesh State Mining Corporation Limited (MPSMC) concerning commercial coal mining at a block located in Madhya Pradesh.
The company participated in the bid issued by MPSMC for the coal block situated at Dongrital-ll, Bazori, Digwaha, Dongri, Bhaisanbuda, Singrouli in M.P. Gallantt Ispat Limited was officially informed that it has been designated as the Preferred Bidder for the specific coal block.
According to communication received from MPSMC on August 04, 2026, the successful bid secured by Gallantt Ispat Limited involves a revenue share of 6.5% for the mining operation.
Following this designation, Gallantt Ispat is currently evaluating the necessary modalities and next steps required for the development of the coal block. The company stated that it will provide appropriate disclosures as and when any further material developments related to the project arise.
GALLANTT Stock Price Movement
Gallantt Ispat Limited shares slipped by 0.67% on Wednesday, settling at ₹624.05 as traders finalized their positions for the day. The stock traded within a range spanning from a low of ₹617.1 to a high of ₹641.65 during the trading session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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