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.