SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

MSP Steel & Power enters into PPA with Elevate Solar Energy

19 Jun 2026 Evaluate

MSP Steel & Power has entered into a Power Purchase Agreement (PPA) with Elevate Solar Energy. The PPA relates to the Procurement of Solar Power facility of a contracted quantity of 10MWp (DC) of Electricity per annum at tariff rate of Rs 3.17 per unit by the company for a term of 25 years from the execution date of the agreement. 

The said agreement has been executed under the Group Captive Open Access Permissions mechanism, aimed at optimizing energy costs and increasing the company’s renewable energy consumption. As part of the arrangement, the company is stated to acquire 26% of shareholding in Elevate Solar Energy corresponding to their Contracted Energy/Quantity on terms and conditions agreed upon in the Shareholders’ Agreement (to be executed on a later date). 

MSP Steel & Power is engaged in the manufacture and sale of iron and steel products and generation of power.


MSP Steel & Power Share Price

41.59 -0.53 (-1.26%)
25-Jun-2026 14:49 View Price Chart
Peers
Company Name CMP
Tata Steel 188.25
JSW Steel 1231.05
Steel Authority 170.85
Jindal Stainless 694.00
APL Apollo Tubes 1800.00
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: