MSP Steel & Power Ltd. issue and allot 23,75,000/- redeemable non cumulative preference shares (14-08-2010)

Msp Steel & Power Limited has informed the Exchange that pursuant to the approval accorded to the company in Annual General Meeting held on September 24, 2009 in term of Section 81(1A) the Company has decided to issue and allot 23,75,000/- redeemable non cumulative preference shares of Rs. 10/- each privately at a premium of Rs. 90/- each which shall carry a right to payment of dividend at the rate of 6% per annum.

  MSP Steel & Power Ltd. recommended payment of final dividend at the rate of fifty paisa per equity share (28-06-2010)

MSP Steel & Power Limited has informed the Exchange that the Board of Directors of the Company at its Meeting held on June 28, 2010 have recommended payment of final dividend at the rate of fifty paisa per equity share.

  MSP Steel & Power Ltd. - Financial closure of Thermal Power Plant at Raigarh (11-06-2010)

MSP Steel & Power Limited has informed the Exchange regarding "Financial closure of Thermal Power Plant at Raigarh".   Details...

  MSP Steel & Power Ltd. - commercial production of its state of art Structural Rolling Mill of 128000 MTPA in Raigarh (C.G.) (22-04-2010)

MSP Steel & Power Limited has informed the Exchange that : " The Company has started commercial production of its state of art Structural Rolling Mill of 128000 MTPA in Raigarh (C.G.) which produces both heavy and medium Structural Steel - Joist, Beams, Chemicals and Angles, confirming to various international quality standard. The Company is selling TMT Bars under the brand name of MSP Gold TMT; Now Next Gen Structural Steel produced by MSP is also available in the market under the brand name MSP GOLD STRUCTURALS ".

  MSP Steel & Power Ltd. - Announcement for sanction of term loan for New expansion Project at Raigarh (21-01-2010)

Msp Steel & Power Limited has informed the Exchange regarding "Announcement for sanction of term loan for New expansion Project at Raigarh". The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)   Details...

  MSP Steel & Power Ltd. ranks 5th (The 3rd SMB Awards) on 24th March 2009

MSP Steel & Power Ltd. has received the Certificate of Recognition in The 3rd SMB Awards, for it's superior financial performance during the finacial year 2007-08 and ranked in the 5th position in Industry 2.0's third annual report on manifacturing SMBs 

  MSP Steel & Power Ltd. ranks 224 among top 500 manifacturing companies on Industry 2.0's Batch 2009

Industry 2.0 ranks MSP Steel & Power Ltd. in the 224th position in the batch of top 500 indian manifacturing companies, for it's superior financial performance, innovative thinking, cost-optimisation stratesgies, intelligent marketing and quality products and services, and of course sheer hard work.  

  MSP Signs MOU With Madhya Pradesh Govt. on 16th Feb 2008

MSP Steel & Power Ltd. has signed Memorandum of Understandings (MOU) with M P Trade & Investment Facilitation Corp Ltd, Government of Madhya Pradesh, on February 16, 2008 for setting up two Iron Ore Beneficiation Plants, one in the District of Jabalpur & other in Katni, with the capacities of 5.0 MTPA each, with a proposed Investment of Rs 200.00 crores in each, with a proposed Investment of Rs 200.00 crores in each plant and a Pelletiastation and Steel Plant of appropriate capacities in the above districts provided that the beneficiated ore is suitable for pelletisation.
Government of Madhya Pradesh shall facilities required infrastructure facilities, incentives and will facilitate to obtain the necessary clearness and concessions for the project from single window.
 

  MSP Signs MOU With Madhya Pradesh Govt. on 27th Oct 2007

MSP Steel & Power Ltd. Has signed MOU with Government of Madhya Pradesh on October 27, 2007 for setting up a 2 million tonne Clinker and Cement Plant, the Company has been, granted prospecting licence for captive limestone mines has been allotted over an area of 683.47 hectares, in the rich limestone belt of Katni, M.P.

 The Company believes that the area granted contains sufficient deposits to meet its complete requirement of Limestone through Captive Mines for the proposed project.
 

  MSP Signs MOU With Madhya Pradesh Govt.

MSP Steel & power Ltd. Has signed a Memorandum of Understanding (MOU) with M P Trade & Investment Facilitation Corp., Government of Madhya Pradesh, on October 27, 2007 for setting up a 2 million tone, Clinker and Cement Unit in the State of M.P with a proposed Investment of Rs 1000.00 crores.
 

  MSP Metallics started commercial production an has successfully started production of Pig Iron, Sponge Iron, and Billets during 1st Quarter of 2008
 

  MSP is setting up 3,00,000 MTPA Pellet Plant in its Raigarh unit. Iron ore fines which is abundantly available will be used into pellet plant to manufacture pellete and pellets will be used in Sponge Iron Plant. Once the pellet plant will start production the group will save substantial amount in terms of Iron ore prices.
 

  Coal mines has been allotted to Chaman Metallics Ltd. In the state of Maharashtra
 

  Coal mines has been allotted to Howrah Gases Ltd.

  MSP Signs MOU With Chhattisgarh Govt.

 MSP Steel and Power Ltd. (MSPSPL) has  signed the MOU for expansion of its plant with an investment of Rs. 850 crore with the Chhattisgarh Govt. The Managing Director of the company Mr. S K Agrawal signed the MOU.

 

  MSP gets UNFCC approval for Carbon Credits

MSP Steel and Power Ltd. flagship company of the MSP Group, has been registered with UNFCCC. The Captive Power Plant is based on Waste Heat Recovery Module whereby flue gas released the Sponge Iron kiln is used to generate steam in the boiler thereby replacing fossil fuel for generating power. It will involve reduction of 59,000 Metric Tons of CO2 equivalent per annum which lead to substantial revenue inflow by selling CER credits (Certified Energy Reduction) which will accrue to the company for the period of 10 years.

MSP has also successfully commissioned all the facilities envisaged in the project in the 1st and 2nd phase which include Sponge Iron -2.00 lacs TPA. Steel Melting Shop - 1.50 lacs TPA. CPP - 24 MW, TMT Rolling Mill - 0.80 lacs TPA. Coal Washery - 3.00 lacs TPA. Railway Siding- 2.4 km. MSP is marketing its TMT bars under the brand name of MSP Gold Theremax TMT.

MSP has already been accorded Coal Block by the Ministry of Coal to meet its coal requirement for next 30 years and its application for iron ore mines in Chhattisgarh is in advanced stages of consideration.

The Railway Siding and Captive Power Plant has brought substantial savings  for the company since their commissioning.

  MSP Signs MOU With Madhya Pradesh Govt.

MSP Steel & Power Limited has signed a Memorandum of Understanding (MOU) with M.P Trade & Investment Facilitation Corp., Government of Madhya Pradesh, on 27.10.2007 for setting up a 2 million tons, Clinker and Cement Unit in the State of M.P with a proposed Investment of Rs. 1000.00 crores.

Government of Madhya Pradesh shall facilitate allocation of land and grant of captive limestone mines.

Further it shall facilitate in recommendations being sent by the Government of Madhya Pradesh to Government of India for allocation of coal linkage and allotment of captive coal block for the project.