Jan 18, 2011
www.mspsteel.com - Msp Steel & Power Limited Q3 Results 2011
The year 1996. MSP Group embarked on its journey in the steel industry in a modest manner. An 18000 TPA MS Ingot plant was set up in West Bengal to utilise the waste scrap available in the market. The industry faced a downturn in the next few years.
A lesson was learnt – the key to survival lay in integration along the value chain of production. As a part of this drive a Re – Rolling mill was established in 1998 for production of high quality construction bars. Looking into the huge potential that lay in making its own raw material for steel melting, the company was among the pioneers in setting up a mini sponge iron plant in the year 1999.
Following its principle of integration and capacity expansion, the group has risen to one of the leading secondary steel manufacturers in Eastern India. Today the group has manufacturing facilities in the states of West Bengal, Orissa, Jharkhand, Andhra Pradesh, Chhattisgarh and Maharashtra.
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