MSTC Limited Unlisted Shares
A) Background of the Company
MSTC Limited is under the administrative control of the Ministry of Steel of MSTC Limited, Government of India, PSU of Mini Ratna category-I The company was established on September 9, 1964 as a regulatory authority for the export of iron scrap. The Government holds 89.85% stake in the company. It was a canalizing agency for importing iron scrap and breaking old vessels until 1992.
MSTC became a subsidiary of SAIL in 1974. In 1982, it got delinked from SAIL and became an independent company under the Ministry of Steel.
MSTC is making rapid progress in e-commerce sector to promote e-governance in all sectors of the economy. MSTC today is rendering its services to steel and
petrochemical sectors for raw material support and seamless e-commerce services with an innovative approach to various PSUs, Central Government/State Government and private sector companies. Successful e-auction of coal blocks is yet another feather in MSTC’s cap and MSTC today stands taller than yesterday. It is the most preferred service provider and various Central PSUs, State Governments are engaging MSTC on nomination basis based on its strong credentials.
To promote e-commerce, MSTC has emerged as a major player in the country. Its e-auction portal, www.mstcecommerce.com has become a very popular tool for businesses to transact business transparent and fairly. Portal sellers and buyers provide a virtual market for doing business in metal scraps (iron / non-ferrous), surplus stores, plants and machinery, obsolete parts, vehicles, minerals, forests, and agricultural products, real estate etc.
MSTC has recently also developed an e-procurement portal, which can be adapted to meet customer needs. It has made itself a place to provide customized digital solutions and has emerged as a large e-commerce company in the B2B and B2C area.
B) New Initiatives
1. e-Commerce in Agricultural and Forest products like tobacco, tendu leaf, timber, etc.
2. e-Commerce in Mineral products like Iron Ore, imported thermal coal, chrome, manganese ore etc.3
3. Recently, MSTC has set up an auto- shredding plant through a JV company with Mahindra Group. This is one of its own kind in India and will go a long way in recycling special grade steels besides substituting imports for such materials.
C) Subsidiaries/Joint Venture of MSTC
Subsidiary Company – Ferro Scrap Corporation Limited (FSNL) was formed in 1979 as a joint venture company. During 2002-03, FSNL became a 100% subsidiary of MSTC. FSNL is mainly engaged in the recovery of Ferro scrap and reddish iron metal from the slag mugs and debris arising out of iron and steel making in steel plants.
Joint venture company- MSTC had set up a joint venture company M / s Mahindra MSTC Recycling Private Limited for the first Auto Shredding Plant in India to convert End Life Vehicle (ELV) and other white goods into a shedding scrap, which is for secondary steel There is important raw material. In the first phase, with the principles of environmentally friendly management, modern technology is being set up in Greater Noida and collection centers are being set up.
MSTC Limited Unlisted Shares Details:
|Total Available Shares:||1000|
|Face Value:||₹ 10 Per Equity Share|
|Lot Size:||100 Shares|
|Current Unlisted Share Price:||₹ 330 Per Equity Share|
|Retail Discount:||Bulk Deal (1%)|
Financials of MSTC Limited Unlisted Shares:
|Business Segment||Volume of Business(Lakhs)|
|Iron ore e-auction||6,84,976||5,33,455|