MSP Steel & Power Ltd is enhancing its capacity of Pellet Plant from 3,00,000/- mtpa to 9,00,000/- rntpa by setting up 6,00,000/- rntpa of Pellet Plant at Raigarh with a total project cost Rs2.26bn.
For financing of this project the Company has achieved the financial closure for debt funds of Rs1.50bn DBS Bank has sanctioned ECB of 15 Million S$ which is equivalent to Rs700mn and balance of the funds is financed by Union Bank, Corporation Bank & Dena bank.
The Company is currently running 300000 MTPA of Pellet Plant, 192000 MTPA of Sponge Iron Plant, 144109 MTPA of Steel Melting Plant, 80000 MTPA of Roiling Mill, 128000 MTPA of Structural Rolling Mill, 24 MW of Power Plant. Apart from above, the Company has coal washery and own. Railway Siding.