MSP Steel & Power
29.32
+1.27(+4.53%)
Market Cap₹1,661.85 Cr
PE Ratio-18.43
Company Performance:
1D+4.53%
1M-7.10%
6M-23.33%
1Y+10.06%
5Y+278.32%
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More news about MSP Steel & Power
28Feb 26
MSP Steel & Power Receives Exchange Approval for 2.80 Crore Warrant Issue
MSP Steel & Power Limited has received in-principle approval from NSE and BSE for issuing 2,80,00,000 warrants convertible into equity shares at Rs. 35 per share to promoters. The approvals were granted on February 27, 2026, with specific reference numbers from both exchanges. The company has complied with SEBI Listing Regulations by informing the exchanges about receiving these approval letters.
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26Feb 26
MSP Steel & Power Formally Exits Corporate Debt Restructuring After Consortium Approval
MSP Steel & Power has successfully completed its exit from Corporate Debt Restructuring following unanimous approval from consortium member banks in February 2026. The company fulfilled all restructuring obligations including complete settlement of Right of Recompense amounts to lenders, marking a significant turnaround milestone that positions it with greater financial flexibility and stronger credit profile for future growth.
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16Feb 26
MSP Steel & Power Reports Q3FY26 Results with Declining Revenue and Profitability
MSP Steel & Power Limited reported Q3FY26 consolidated net profit of ₹549.28 lakhs, down from ₹821.71 lakhs in Q3FY25, with revenue declining to ₹63,891.97 lakhs from ₹71,150.26 lakhs. The nine-month period showed a net loss of ₹5,142.55 lakhs compared to ₹546.93 lakhs profit in the previous year, significantly impacted by exceptional items of ₹10,163.30 lakhs related to Right of Recompense liability under debt restructuring arrangements.
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07Jan 26
MSP Steel & Power: Promoter Group Acquires 1.41 Crore Shares, Increases Stake to 37.74%
MSP Steel & Power's promoter group, led by Saket Agrawal, acquired 1,41,45,082 equity shares through open market purchases between November 20 and December 30, 2025, increasing their shareholding by 2.50% from 35.24% to 37.74%. The acquisition involved multiple entities acting in concert and was disclosed to regulatory authorities on January 3, 2026, under SEBI regulations.
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29Dec 25
MSP Steel Promoters Extend Buying Spree to 88L+ Shares with Latest Acquisitions
MSP Steel & Power's promoter group entities have extended their aggressive share buying campaign with the acquisition of 10.72 lakh additional shares during December 22-24, 2025. This sixth phase of purchases brings their total acquisitions to over 88 lakh shares within a month-long period, with Shree Vinay Finvest Private Limited and Jagran Vyapaar Private Limited leading the latest round of open market purchases.
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13Dec 25
MSP Steel EGM Passes Convertible Warrant Resolution with Overwhelming Support
MSP Steel & Power Limited's shareholders approved a special resolution for convertible warrant fundraising at an EGM on December 12, 2025. The voting results showed 99.99% approval from 35,58,61,048 represented shares. The funds will be used for unsecured debt repayment (₹75 crores), restructuring scheme payment (₹18.50 crores), and general corporate purposes. M.A. Hire Purchase Private Limited will be allotted 2,80,00,000 convertible warrants, potentially increasing the promoter group's stake from 22.87% to 68.87%.
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15Sept 25
MSP Steel & Power Set to Exit Corporate Debt Restructuring as Key Lenders Approve Right of Recompense Payment
MSP Steel & Power Limited (MSPL) has received approval from major lenders for the payment of Right of Recompense (RoR), enabling its exit from the Corporate Debt Restructuring (CDR) framework. Key lenders including State Bank of India, Bank of Baroda, and Indian Overseas Bank have approved the RoR amount. MSPL's borrowings were initially restructured under a CDR package in FY 2014-2015 and further restructured in FY 2017-2018. The company's Board of Directors has approved the RoR payment to all consortium lenders and is awaiting approvals from remaining lenders. This development is expected to create new opportunities for MSPL's growth and expansion.
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30Jul 25
MSP Steel & Power Reports Q1 FY2026 Results: Profit Surges Despite Revenue Dip
MSP Steel & Power Ltd. released Q1 FY2026 results, showing improved profitability despite revenue decline. Revenue decreased to ₹7.10 billion from ₹7.72 billion in Q1 FY2025. However, net profit more than doubled to ₹178.00 million, and EBITDA increased to ₹449.00 million. EBITDA margin expanded from 5.60% to 6.32%. The company appointed new auditors and reported no defaults on loans and debt securities.
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MSP Steel & Power
29.32
+1.27
(+4.53%)
1 Year Returns:+10.06%
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