The company was incorporated in India on November 18, 1968 as Adhunik Rollers Private Limited in West Bengal. The name of the company was changed to MSP Steel & Power Private Limited on March 7, 2003. The company subsequently became a public company under the name of MSP Steel & Power Limited with effect from September 9, 2003. The company is currently involved in manufacturing of sponge iron and trading of steel products.
The company is the part of MSP Group. The Group embarked on its journey in the steel industry in a modest manner in the year 1996. An 18000 TPA MS Ingot plant was set up in West Bengal to utilize 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.
The company’s production facility is situated in Jangaon village of Chattisgarh. It has the capacity to produce 2000000 TPA of Sponge Iron, 36 MW of power, 150000 tpa of MS Billet, 90000 TPA of Construction Bars. In addition to that it also had the facility of Railway Shading and had Coal Washery of 350000mt/pa.
Some of the clients of the company are Bhushan Steel & Strip Limited, Bhushan Power & Steel Limited, Tata Motors, Hari Machines Private Limited, Lyods Steel Limited, Rajgarh Jute & Textiles Limited, Nalwa Sponge Iron Limited, OCL India Limited, Aarti Steels Limited, Maheswari Ispat Limited, etc.
The group’s largest project so far is being set up at Raigarh, Chattisgarh at a cost of Rs 124 crore. This is a completely integrated steel project, which in due course will also have its captive coal and iron ore mines. The company is in an advanced stage of obtaining lease for iron ore mines in Orissa and Chhattisgarh and has been earmarked for captive coal blocks as per the norms of ministry of coal. Once operational, the unit will become totally self sufficient and one of the least cost producers of steel.
The company is the part of MSP Group. Other companies of the group are Howrah Gases Limited, MSP Rolling Mills Private Limited, MSP Sponge Iron Limited, MSP Steels Private Limited, MSP Metallics Limited, Chaman Metallics Limited, Ashirwad Steels & Inds Limited.
In 2010 the company started operation of its 115500 MTPA of Sponge Iron Plant and 18 MW Power Plant
Product range of the company includes:
The company is ISO9001: 2000 certified.
Over the years it had received certificate for Industrial research from Shriram Institute.
In 2012 MSP STEEL & POWER LTD won the TIMES OF INDIA Award for Innovative Talent Management & Succession Planning for the year 2012.