Promoter Saket Agrawal bought 1.477 crore shares of MSP Steel & Power for ₹59.05 crore at ₹39.98 apiece in an open market transaction on June 11, 2026, increasing their stake from 40.21% to 42.82% and crossing the 5% disclosure threshold.
A manufacturer of iron and steel products incorporated in 1968, MSP Steel & Power produces a range of steel products for industrial and commercial applications. The company operates an integrated business model combining steel manufacturing with captive power generation, which supports its production operations and provides operational efficiency. This dual focus on steel production and power generation distinguishes the company within India's steel sector.
