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MSP Steel & Power acquires 63.69% stake in Prateek Mines & Minerals

19 Nov 2019 Evaluate

MSP Steel & Power has acquired 63.69% stake in Prateek Mines & Minerals. Consequently, Prateek Mines & Minerals has become the subsidiary of the company with effect from November 18, 2019.

MSP Steel & Power is involved in the manufacturing of sponge iron and trading of steel products. The product range of the company includes construction bars, structural rolling mills, M.S Billet, power, pallet and sponge iron. 

Peers
Company Name CMP
JSW Steel 1215.70
Tata Steel 175.60
Steel Authority 171.25
Jindal Stainless 736.25
APL Apollo Tubes 2137.60
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