MSP Steel & Power has executed a Master Restructuring Agreement (MRA) on March 28, 2015 as per the CDR Guidelines. The company had earlier on March 27, 2015 received approval of the Corporate Debt Restructuring Package by the Corporate Debt Restructuring Cell.
MSP Steel & Power, the flagship company of the MSP group, is over a decade old business house belonging to Agrawal family of Kolkata. It is currently engaged in manufacturing of sponge iron, billets, TMT bars and structural’s besides having backward integration for washing of coal, pellets cum iron ore beneficiation and power. Besides, the company is also involved in trading of steel products.
