MSP Steel & Power
31.59
+0.28(+0.89%)
Market Cap₹1,790.51 Cr
PE Ratio-20.87
Company Performance:
1D+0.89%
1M+8.07%
6M+2.90%
1Y+40.52%
5Y+318.41%
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More news about MSP Steel & Power
10Dec 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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04Dec 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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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
31.59
+0.28
(+0.89%)
1 Year Returns:+40.52%
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