The year 1996. MSP Group embarked on its journey in the steel industry in a modest manner. An 18000 TPA MS Ingot plant was set up in West Bengal to utilise the waste scrap available in the market. The industry faced a downturn in the next few years.

A lesson was learnt - the key to survival lay in integration along the value chain of production. As a part of this drive a Re - Rolling mill was established in 1998 for production of high quality construction bars. Looking into the huge potential that lay in making its own raw material for steel melting, the company was among the pioneers in setting up a mini sponge iron plant in the year 1999.

Following its principle of integration and capacity expansion, the group has risen to one of the leading secondary steel manufacturers in Eastern India. Today the group has manufacturing facilities in the states of West Bengal, Orissa, Jharkhand, Andhra Pradesh and Chhattisgarh. The company is soon going to be self dependent for its power through its captive power plant. The integration is slated to be complete with the group acquiring captive iron ore and coal mines. The aggregate turnover of all group companies is slated to touch Rs.275 crores for FY'O5. With its upcoming steel complex at Raigarh, the group is all set to double its existing steel making capacity at each level in the value chain.