MSP Steel & Power board recommends dividend

MSP Steel & Power has informed that the board of directors of the company at its meeting held on May 29, 2012, have recommended a dividend at the rate of 2.5% on the equity shares and 6% p.a. on the 6% non cumulative redeemable preference shares of the company for the year ended March 31, 2012, subject to approval of the shareholders.

The above information is part of company’s filing submitted to the BSE.