MSP Steel & Power to set up Rs226 crore pellet plant in Raigarh

Kolkata-based MSP Steel & Power Ltd said it will set up 600,000 million tonne per annum (mtpa) of pellet plant at Raigarh in Chhattisgarh with a total project cost Rs226 crore.

The company aims to expand the capacity of its pellet plant from 300,000 mtpa to 900,000 mtpa. It has achieved the financial closure for debt funds of Rs150 crore. DBS Bank has sanctioned external commercial borrowings (ECBs) of around Rs70 crore and the remaining funds is financed by the Union Bank, Corporation Bank and Dena Bank.

On Thursday, MSP Steel & Power shares ended 1% down at Rs60 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.7% up at 18,799 points.

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COMMENTS

GIRISH YADAV

6 years ago

we are distributors & mfg. of BENTONITE PODER ( SODIUM BASED & CALCIUM BASED) AND NON -ASBESTOS GLAND ROPE AND ETC.

NIIT signs agreement with ARIA Institute in Afghanistan

IT trainer NIIT Ltd said it has entered a standard education agreement with ARIA Institute of Higher Education, in Afghanistan, to develop an employable talent pool of IT professionals.

Under this agreement, NIIT will offer programs in software engineering and networking. It will offer career programs of six months to two years duration.

On Thursday, XX shares ended 0.5% down at Rs67 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.7% up at 18,799 points.

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Aurobindo Pharma gets MCC approval for 23 registrations

Aurobindo Pharma Ltd said it has received the approval of South African regulatory authority Medicines Control Council (MCC) for 23 product registrations to manufacture and market these products in that country.

Aurobindo now has a total of 48 products representing 91 registrations approved by the MCC, the Hyderabad-based company said in a statement.

On Thursday, Aurobindo shares declined 0.7% to Rs1,030 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.7% up at 18,799 points.

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