MSP Steel & Power

MSP Steel & Power's promoter group acquired 1.30 crore equity shares, representing 2.30% of the company's total capital, through open market transactions between June 12 and June 22, 2026. The purchases were executed by entities including Sampat Marketing Company, Shree Vinay Finvest, Ginny Traders, Ilex Pvt Ltd, and M A Hire Purchase Private. The acquisition raised the promoters' collective holding to 45.12% from 42.82%, following a similar 2.61% increase earlier in the month. The buying spree comes as the steelmaker reported a net profit of ₹33.9 crore for FY26 against a loss of ₹28.7 crore a year earlier and pursues a ₹500 crore capacity expansion at its Raigarh plant.

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** Shares of MSP Steel and Power MSPO.NS rise nearly 4.5% to 44.25 rupees

** On track for biggest intraday pct rise since Aug 23, 2024

** Co agrees to buy solar power at 3.17 rupees a unit from Elevate Solar Energy for 25 years

** Says agreement aims at reducing energy costs and increasing renewable energy usage

** Co also plans to acquire a 26% stake in Elevate Solar Energy under a shareholders' agreement to be executed later

** YTD stock up nearly 150%

(Reporting by Surbhi Misra in Bengaluru)

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MSP Steel & Power's promoter group, led by Saket Agrawal, acquired 1.48 crore equity shares—representing 2.61% of the company's total capital—through open market purchases between June 2 and June 11, 2026. The buying entities included Sampat Marketing Company, Shree Vinay Finvest, Ginny Traders, Ilex Pvt Ltd, and M A Hire Purchase Private. Following the acquisition, the promoters’ collective holding rose to 42.82% from 40.22%. The purchases come on the heels of the company's audited results for FY26, which showed a net profit of ₹33.9 crore against a loss of ₹28.7 crore the previous year, and a board-approved ₹500 crore capacity expansion at its Raigarh plant.

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Feb 13 (Reuters) - MSP Steel & Power Ltd MSPO.NS:

• DEC-QUARTER CONSOL NET PROFIT 82.2 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 7.17 BILLION RUPEES

Source text: [ID:]

Further company coverage: MSPO.NS

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Aug 8 (Reuters) - MSP Steel & Power Ltd MSPO.NS:

• MSP STEEL & POWER - RE-APPOINTED SAKET AGRAWAL AS MD

• MSP STEEL & POWER - NAMED MANISH AGRAWAL AS JOINT MD

Source text for Eikon: ID:nBSEbqqtVQ

Further company coverage: MSPO.NS

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Feb 13 (Reuters) - MSP Steel & Power Ltd MSPO.NS:

• MSP STEEL & POWER DEC-QUARTER CONSOL NET PROFIT 47.8 MILLION RUPEES VERSUS PROFIT 25 MILLION RUPEES

• MSP STEEL & POWER DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 7.81 BILLION RUPEES VERSUS 6.62 BILLION RUPEES

Source text for Eikon: ID:nNSE3W0cxt

Further company coverage: MSPO.NS

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Nov 8 (Reuters) - MSP Steel & Power Ltd MSPO.NS:

• SEPT-QUARTER CONSOL NET LOSS 16.4 MILLION RUPEES VERSUS LOSS 582.6 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 6.74 BILLION RUPEES VERSUS 5.87 BILLION RUPEES

Source text for Eikon: ID:nNSE13RCVY

Further company coverage: MSPO.NS

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Sept 28 (Reuters) - MSP Steel & Power Ltd MSPO.NS:

• CUTS STAKE IN MSP STEEL & POWER FROM 7.30% TO 4.83%

Source text for Eikon: ID:nNSEbvTgW9

Further company coverage: MSPO.NS

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Sept 22 (Reuters) - State Bank of India SBI.NS:

• CUTS STAKE IN MSP STEEL & POWER BY 2% TO 10.02%

Source text for Eikon: ID:nBSE3hP0XR

Further company coverage: SBI.NS

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May 29 (Reuters) - MSP Steel & Power Ltd MSPO.NS:

• INDIA'S MSP STEEL & POWER LTD MARCH-QUARTER CONSOL NET PROFIT 198 MILLION RUPEES VERSUS PROFIT 146.5 MILLION RUPEES

• MSP STEEL & POWER LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 6.77 BILLION RUPEES VERSUS 6.53 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: MSPO.NS

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