India's Gallantt Ispat jumps on winning iron ore mining leases

Gallantt Ispat

20/06/2025 08:09

** Shares of Gallantt Ispat GALM.NS rises 4.9% to 493 rupees

** Iron and steel manufacturer says it has been named the preferred bidder for mining leases on two iron‑ore blocks

** Captive iron‑ore mining will cut costs and significantly boost operating and net profits, it adds

** Stock eyes a second straight week and a third session of gains

** GALM gained ~36% YTD

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))