MSTC Limited (formerly known as Metal Scrap Trade Corporation Limited) is a central public sector undertakings under

Ministry of Steel The Ministry of Steel is an executive branch agency of the Government of India that is responsible for formulating all policies regarding steel production, distribution and pricing in India. As of July 2021, the ministry is headed by a Secretar ...

Government of India The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, c ...

. It is involved in diversified e-commerce services. Its corporate office is in

Kolkata Kolkata (, or , ; also known as Calcutta , the official name until 2001) is the capital of the Indian state of West Bengal, on the eastern bank of the Hooghly River west of the border with Bangladesh. It is the primary business, comme ...

, West Bengal with regional branch offices in other cities. It is under the

ownership Ownership is the state or fact of legal possession and control over property, which may be any asset, tangible or intangible. Ownership can involve multiple rights, collectively referred to as title, which may be separated and held by different ...

. This

public sector undertaking A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the governmen ...

has reported Net Profit of INR 112.95 crore for fiscal year 2020-21. Incorporated on 9 September 1964, MSTC has 344 employees (as on 31 March 2020). MSTC renders service to various

e-commerce E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain manageme ...

sectors, including e-auction,

e-procurement E-procurement (electronic procurement, sometimes also known as supplier exchange) is the business-to-business or business-to-consumer or business-to-government purchase and sale of supplies, work, and services through the Internet as well as oth ...

, high sea sales, e-sales, and retail software. MSTC recently developed software to conduct online draw for new LPG distribution ship scheme which was conducted by state run oil marketing psu's all over India. MSTC is also in the process of developing an online portal for divestment of state-owned entities through an

English auction An English auction is an open-outcry ascending dynamic auction. It proceeds as follows. * The auctioneer opens the auction by announcing a suggested opening bid, a starting price or reserve for the item on sale. * Then the auctioneer accepts incre ...

system. The PSU has its head office in Kolkata, West Bengal; four regional offices in Kolkata, Delhi, Mumbai and Chennai; and branch offices in Chandigarh, Jaipur, Vadodara, Bhopal, Bhubaneswar, Guwahati, Bangalore, Lucknow, Ranchi, Raipur, Vizag, Trivandrum, Hyderabad, Patna and Dehradun. FSNL (Ferro Scrap Nigam Limited) is a subsidiary of MSTC.

History

* 1964 - incorporated as a regulatory body for export of scrap * 1982 - independent company under

* 2002 - awarded Miniratna Category-II status * 2004 - started auctioning of coal * 2005 - awarded Miniratna Category-I status * 2007 - started e-auction of manganese ore * 2011 - started e-auction of iron ore in Karnataka, and human hair * 2012 - started e-auction of chrome ore, baryte, raw pet coke * 2013 - started e-auction of forest produces * 2014 - started e-auction of iron ore in Goa and red sanders wood in Andhra Pradesh * 2015 - e-auction of

coal mine Coal mining is the process of extracting coal from the ground. Coal is valued for its energy content and since the 1880s has been widely used to generate electricity. Steel and cement industries use coal as a fuel for extraction of iron from ...

blocks and regassified LNG * 2016 - developed e-bidding platform under DDUGJY & IPDS, DEEP and allocation of marginal oil field * 2017 - developed ERAKAM portal to provide e-auction platform to sell agriculture produce * 2018 - developed Online LPG Distributorship Draw Software for Oil Marketing Companies.

Presence in India

MSTC is headquartered in Kolkata with address MSTC Ltd, Head Office Plot no.CF-18/2, Street No.175, Action Area 1C, New Town, Kolkata - 700156. MSTC have offices at 21 locations across India. There are four Regional offices, 13 Branch offices and 1 site office

Patna Patna ( ), historically known as Pataliputra, is the capital and largest city of the state of Bihar in India. According to the United Nations, as of 2018, Patna had a population of 2.35 million, making it the 19th largest city in India. ...

(

Bihar Bihar (; ) is a state in eastern India. It is the 2nd largest state by population in 2019, 12th largest by area of , and 14th largest by GDP in 2021. Bihar borders Uttar Pradesh to its west, Nepal to the north, the northern part of West Be ...

). * Regional Offices: ERO at

, WRO at

Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...

, SRO at

Chennai Chennai (, ), formerly known as Madras ( the official name until 1996), is the capital city of Tamil Nadu, the southernmost Indian state. The largest city of the state in area and population, Chennai is located on the Coromandel Coast of th ...

and NRO at

New Delhi New Delhi (, , ''Naī Dillī'') is the capital of India and a part of the National Capital Territory of Delhi (NCT). New Delhi is the seat of all three branches of the government of India, hosting the Rashtrapati Bhavan, Parliament House ...

. * Branch offices:

Ranchi Ranchi (, ) is the capital of the Indian state of Jharkhand. Ranchi was the centre of the Jharkhand movement, which called for a separate state for the tribal regions of South Bihar, northern Odisha, western West Bengal and the eastern area ...

Guwahati Guwahati (, ; formerly rendered Gauhati, ) is the biggest city of the Indian state of Assam and also the largest metropolis in northeastern India. Dispur, the capital of Assam, is in the circuit city region located within Guwahati and is the ...

Bhubaneswar Bhubaneswar (; ) is the capital and largest city of the Indian state of Odisha. The region, especially the old town, was historically often depicted as ''Ekamra Kshetra'' (area (''kshetra'') adorned with mango trees (''ekamra'')). Bhubaneswar is ...

Lucknow Lucknow (, ) is the capital and the largest city of the Indian state of Uttar Pradesh and it is also the second largest urban agglomeration in Uttar Pradesh. Lucknow is the administrative headquarters of the eponymous district and division ...

Chandigarh Chandigarh () is a planned city in India. Chandigarh is bordered by the state of Punjab to the west and the south, and by the state of Haryana to the east. It constitutes the bulk of the Chandigarh Capital Region or Greater Chandigarh, which al ...

Bhopal Bhopal (; ) is the capital city of the Indian state of Madhya Pradesh and the administrative headquarters of both Bhopal district and Bhopal division. It is known as the ''City of Lakes'' due to its various natural and artificial lakes. It i ...

Raipur Raipur ( ) is the capital city of the Indian state of Chhattisgarh. Raipur is also the administrative headquarters of Raipur district and Raipur division, and the largest city of the state. It was a part of Madhya Pradesh before the state of Chh ...

Jaipur Jaipur (; Hindi Language, Hindi: ''Jayapura''), formerly Jeypore, is the List of state and union territory capitals in India, capital and largest city of the Indian States and union territories of India, state of Rajasthan. , the city had a pop ...

Vadodara Vadodara (), also known as Baroda, is the second largest city in the Indian state of Gujarat. It serves as the administrative headquarters of the Vadodara district and is situated on the banks of the Vishwamitri River, from the state capital ...

Bangalore Bangalore (), officially Bengaluru (), is the capital and largest city of the Indian state of Karnataka. It has a population of more than and a metropolitan population of around , making it the third most populous city and fifth most ...

Trivandrum Thiruvananthapuram (; ), also known by its former name Trivandrum (), is the capital of the Indian state of Kerala. It is the most populous city in Kerala with a population of 957,730 as of 2011. The encompassing urban agglomeration populati ...

Vizag , image_alt = , image_caption = From top, left to right: Visakhapatnam aerial view, Vizag seaport, Simhachalam Temple, Aerial view of Rushikonda Beach, Beach road, Novotel Visakhapatnam, INS Kursura submarine museu ...

and

Hyderabad Hyderabad ( ; , ) is the capital and largest city of the Indian state of Telangana and the ''de jure'' capital of Andhra Pradesh. It occupies on the Deccan Plateau along the banks of the Musi River (India), Musi River, in the northern part ...

. * Site offices:

(

)

Ownership

The company is under the administrative control of

, Govt. of India. Currently 64.75% share of the company is held by Govt. of India.

CERO

CERO is a joint venture of MSTC Ltd. and Mahindra Accelo. This Joint Venture company has set up the first auto shredding plant in India for recycling end of life vehicles and other white goods by converting these into shredded scrap which is a vital raw material of secondary steel plants, located in Greater Noida, New Delhi.

Awards

* Kolkata Best Employer Brand Awards 2017 by Employer Branding Institute, India

References

External links

MSTC

FSNL

DDUGJY

DEEP

CERO

ERAKAM
{{DEFAULTSORT:MSTC Limited Government-owned companies of India Indian companies established in 1964 1964 establishments in West Bengal Companies based in Kolkata Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange