Credit rating agency, CRISIL Research has assigned a CRISIL IER fundamental grade of 2/5 to MSP Steel & Power. The grade indicates that the company’s fundamentals are ‘below average’ relative to other listed equity securities in India. The rating agency has also assigned valuation grade of 5/5 to the company.
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.
