MSP Steel & Power Ltd has started commercial operation of its 600,000 tonnes of pellet plant along with 900,000 tonne of iron ore beneficiation plant.

With this commissioning the total capacity of pellet plant of the unit has tripled from 300,000 tonnes to 900,000 tonnes.

Now, with the commissioning of beneficiation plant the Company can use combination of low grade fines upto 58% Fe content and high grade fines both for making of pellets.

Additional pellets will be used for captive consumption in its sponge iron unit as well as for merchant sales also.

Source - Equity Bulls

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