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Stock Report
MSP Steel & Power signs MOU with Government of Chhattisgarh
Posted On : 2007-05-10 06:05:52( TIMEZONE : IST )
MSP Steel & Power Ltd has announced that the Company has signed a Memorandum of Understanding (MOU) with Government of Chhattisgarh on May 04, 2007 for its expansion programme in the State of Chhattisgarh with proposed Investment of Rs 850.00 Crore.
Government of Chhattisgarh agrees to provide all help, incentives and facilitate clearances necessary for the aforesaid projects in the State of Chhattisgarh through the Intervention of the State Investment Promotion Board.
The stock closed the day at Rs.16.65, up by Rs.0.40 or 2.46%. The stock hit an intraday high of Rs.17 and low of Rs.16.25. The total traded quantity was 23731 compared to 2 week average of 32522.
