MSP Steel & Power’s (MSPL) - wholly owned subsidiary - MSP Cement, has allotted 530,698 shares to the company pursuant to the order of High Court of Calcutta dated May 03, 2013 sanctioning the demerger of cement division of the company into MSP Cement.
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.
