Net Loss of MSP Steel & Power reported to Rs 32.35 crore in the quarter ended March 2019 as against net loss of Rs 10.28 crore during the previous quarter ended March 2018. Sales rose 22.26% to Rs 399.42 crore in the quarter ended March 2019 as against Rs 326.69 crore during the previous quarter ended March 2018.

For the full year,net loss reported to Rs 20.60 crore in the year ended March 2019 as against net loss of Rs 55.71 crore during the previous year ended March 2018. Sales rose 43.90% to Rs 1669.80 crore in the year ended March 2019 as against Rs 1160.37 crore during the previous year ended March 2018.

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MSP Steel & Power will hold a meeting of the Board of Directors of the Company on 30 May 2019.

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The Board of MSP Steel & Power at its meeting held on 25 March 2019 has approved the appointment of Suneeta Mohanty (DIN:08398436) as an Additional Director (Non-Executive Independent Woman Director) of the Company w.e.f 25 March,2019 and as a Director in the forthcoming Annual General Meeting of the Company subject to approval of the shareholders

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Net profit of MSP Steel & Power reported to Rs 8.37 crore in the quarter ended December 2018 as against net loss of Rs 10.01 crore during the previous quarter ended December 2017. Sales rose 49.60% to Rs 493.06 crore in the quarter ended December 2018 as against Rs 329.58 crore during the previous quarter ended December 2017.

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