SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

MSP Steel & Power rises on starting commercial operation of 34 MW Power Plant

06 Jul 2012 Evaluate

MSP Steel & Power is currently trading at Rs. 33.50, up by 0.35 points or 1.06% from its previous closing of Rs. 33.15 on the BSE.

The scrip opened at Rs. 34.00 and has touched a high and low of Rs. 34.45 and Rs. 33.40 respectively. So far 2,974 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 61.00 on 18-Jul-2011 and a 52 week low of Rs. 26.00 on 21-Dec-2011.

Last one week high and low of the scrip stood at Rs. 35.00 and Rs. 29.00 respectively. The current market cap of the company is Rs. 194 crore.

The promoters holding in the company stood at 71.90% while Institutions and Non-Institutions held 0.44 % and 27.66 % respectively.

MSP Steel & Power has started commercial operation of its 34 MW Power Plant from July 01, 2012. With the commissioning, the total capacity of power plant has increased from 42 MW to 76 MW.

The power generated will be used both for captive purpose as well as for merchant sale. Further, the company has started sale of 27.5 MW of power from July 01, 2012 onwards on merchant basis.

MSP Steel & Power is currently involved in manufacturing of sponge iron and trading of steel products. The company is the part of MSP Group. The company’s production facility is situated in Jangaon village of Chattisgarh.

MSP Steel & Power Share Price

35.58 -0.27 (-0.75%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
APL Apollo Tubes 2105.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×