MSP Steel & Power Limited, together with its subsidiaries, is an integrated steel manufacturer that produces and sells iron and steel products in India and internationally. Established in 1968 and based in Kolkata, India, the company has grown to become a significant player in Eastern India's steel industry, boasting in-house power generation capabilities. This vertical integration across the steel industry's value chain enhances its operational efficiency and competitiveness.
The company's manufacturing plant is located at Raigarh, Chhattisgarh, where it produces a diverse range of products including Pellets, MS Billets, TMT Bars, Sponge Iron, Structural Products, and Power. Raw materials are sourced both locally and through imports. MSP Steel serves a wide array of sectors, including industrial, infrastructural, engineering, domestic, and agricultural markets, demonstrating its broad market reach.
MSP Steel & Power offers a comprehensive product portfolio designed to meet varied industrial and commercial demands. Key offerings include:
- TMT Bars: Marketed under the brand name "MSP Gold Theremax T," these bars are essential for construction and infrastructure projects.
- Structural Steel Products: This segment comprises beams (H beams, I Beams), channels, angles, and round bars, catering to industrial, infrastructural, engineering, domestic, and agricultural sectors.
- Basic Steel Products: Includes MS billets, sponge iron, and pellets, which are fundamental to steel manufacturing.
- Pipes: The company manufactures various types of pipes, such as black steel, square and rectangular hollow sections black pipes. These are used in water pipelines, agriculture and irrigation, gas pipelines, chemical industries, construction, fire fighting systems, air-conditioning, and other general engineering purposes. This includes versatile Hollow Sections, Black or Galvanized Pipes (as per BIS Grade 1239 Part-I), Steel Pipes for sewage and water, and Black/Galvanized/Pre-galvanized pipes for structural and general engineering applications.
The company also offers value-added products and job work services, leveraging its diversified capabilities in sponge iron, steel, power generation, rolling mills, and ferro alloys.
MSP Steel & Power Limited is primarily engaged in the manufacturing and sale of iron and steel products, alongside power generation. The operational hub is its manufacturing plant in Raigarh, Chhattisgarh, India. The company maintains an extensive sales and marketing dealer network spread across India, ensuring broad distribution of its structural steel sections. This robust distribution network enables it to cater effectively to a wide range of industrial, infrastructural, and agricultural sectors.
In addition to its core steel manufacturing, the company's power generation business and the sale of scrap and by-products contribute to its revenue streams and operational synergy. This diversified operational strategy allows MSP Steel to maintain a competitive edge and serve multiple industry verticals efficiently.
MSP Steel & Power Ltd's financial performance reflects its market position and strategic initiatives. As of recent data, the company commands a market capitalization of ₹1,586 crore, with a revenue of ₹2,905 crore for FY25. While it reported a profit of -₹28.4 crore for the full year FY25 due to a reversal of MAT credit following the adoption of a new tax regime, its quarterly results show signs of improvement.
For the quarter ending December 2024 (Q3 FY25), MSP Steel's standalone net sales decreased by 8.18% year-on-year to ₹716.85 crore. However, net profit showed a significant surge of 454.84%, reaching ₹8.26 crore for the same quarter. The company has been actively working on enhancing its financial stability through strategic initiatives, including debt restructuring and optimizing operational efficiencies.
- Market Capitalization: ₹1,586 crore (as of recent data)
- Revenue (FY25): ₹2,905 crore
- Net Profit (FY25): -₹28.4 crore (affected by tax regime change)
- Q3 FY25 Net Sales: ₹716.85 crore (8.18% Y-o-Y decline)
- Q3 FY25 Net Profit: ₹8.26 crore (454.84% Y-o-Y increase)
MSP Steel & Power Ltd maintains a competitive position in the Indian steel market. The shareholding pattern has seen some changes, with promoter holding decreasing by 1.62% over the last quarter, reaching 35.2% as of March 2025, down from 42.34% in June 2024. Conversely, Domestic Institutional Investors (DIIs) have shown increased confidence, raising their holdings to 12.90%. This shift in holdings indicates evolving investor sentiment and market dynamics.
The company has seen recent developments aimed at strengthening its capital structure. It received listing approval for 46.71 lakh equity shares, which were issued upon the conversion of Optionally Convertible Debentures (OCDs) at ₹40.50 each. This conversion has positively impacted the company's equity base. MSP Steel & Power is committed to expanding its product portfolio and improving operational efficiency to sustain its competitive standing in the dynamic steel industry.
MSP Steel & Power Limited operates as a Non-Government company and is registered with the Registrar of Companies (ROC), Kolkata. Its authorized share capital stands at ₹9,000,000,000, with a paid-up capital of ₹3,885,280,000. The company's registered address is South City Business Park, 10th Floor, 770 Anandapur, EM Bypass, Kolkata, West Bengal, India - 700107, and its investor contact email is investor.contact@mspsteel.com.
The company remains dedicated to upholding high standards of corporate governance and transparency. Its integrated approach to steel manufacturing, complemented by in-house power generation capabilities, positions MSP Steel & Power well for future growth, particularly within India's expanding infrastructure sector and diverse industrial segments.
