MSTC Limited (formerly known as Metal Scrap Trade Corporation Limited) is a central public sector undertakings under the Ministry of Steel, Government of India. It is involved in diversified e-commerce services. Its corporate office is in Kolkata, West Bengal with regional branch offices in various other cities. The company reported a 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 sectors, including e-auction, e-procurement, high sea sales, e-sales, and retail software. MSTC had 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.[2] MSTC as of 2018 was also in the process of developing an online portal for divestment of state-owned entities through an English auction system.[3]
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.[4]
The company is under the administrative control of Ministry of Steel, Govt. of India. Currently 64.75% share of the company is held by Govt. of India.
CEROedit
CERO is a joint venture of MSTC Ltd. and Mahindra Accelo.[13] 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.
Financialsedit
MSTC reported total income of Rs.879.16 crores during the financial year ended March 31, 2023 as compared to Rs.1123.32 crores during the financial year ended March 31, 2022. The company has posted net profit of Rs.241.9567 crores for the financial year ended March 31, 2023 as against net profit of Rs.199.0958 crores for the financial year ended March 31, 2022.[1]
Awardsedit
Kolkata Best Employer Brand Awards 2017 by Employer Branding Institute, India[14]
Referencesedit
^ abc"MSTC Ltd consolidated Q4 FY2023 PAT increases QoQ to Rs. 76.95 crores". EquityBulls. 23 May 2023. Retrieved 9 June 2023.
^Jacob, Shine (28 December 2017). "LPG dealership expansion gains pace". Business Standard. Retrieved 30 May 2019.
^Majumder, Arindam (7 May 2018). "E-bidding: Govt to explore English auction system for disinvestment". Business Standard India – via Business Standard.
mstc, limited, formerly, known, metal, scrap, trade, corporation, limited, central, public, sector, undertakings, under, ministry, steel, government, india, involved, diversified, commerce, services, corporate, office, kolkata, west, bengal, with, regional, br. MSTC Limited formerly known as Metal Scrap Trade Corporation Limited is a central public sector undertakings under the Ministry of Steel Government of India It is involved in diversified e commerce services Its corporate office is in Kolkata West Bengal with regional branch offices in various other cities The company reported a 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 LimitedMSTC Ltd Headquarters in KolkataNative nameMSTC LimitedCompany typeCentral Public Sector UndertakingsTraded asBSE 542597 NSE MSTCLTDIndustryE commerceFounded9 September 1964 9 September 1964 HeadquartersKolkataKey peopleManobendra Ghoshal Chairman amp Managing Director ProductsE auction e procurement e sales retail softwareRevenue 879 16 crore US 110 million 2022 1 Net income 199 09 crore US 25 million 2022 1 OwnerMinistry of Steel Government of IndiaWebsitewww mstcindia co in MSTC renders service to various e commerce sectors including e auction e procurement high sea sales e sales and retail software MSTC had 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 2 MSTC as of 2018 was also in the process of developing an online portal for divestment of state owned entities through an English auction system 3 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 4 Contents 1 History 2 Presence in India 3 Ownership 4 CERO 5 Financials 6 Awards 7 References 8 External linksHistory edit1964 Incorporated as a regulatory body for export of scrap 1982 Independent company under Ministry of Steel 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 5 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 6 2015 E auction of coal mine blocks 7 and regassified LNG 8 2016 Developed e bidding platform under DDUGJY amp IPDS DEEP and allocation of marginal oil field 9 2017 Developed ERAKAM portal to provide e auction platform to sell agriculture produce 10 2018 Developed Online LPG Distributorship Draw Software for Oil Marketing Companies 11 Presence in India editMSTC is headquartered in New Town Kolkata MSTC have offices at 21 locations across India 12 There are four regional offices 13 branch offices and 1 site office Patna Bihar Regional Offices ERO at Kolkata WRO at Mumbai SRO at Chennai and NRO at New Delhi Branch offices Ranchi Guwahati Bhubaneswar Lucknow Chandigarh Bhopal Raipur Jaipur Vadodara Bangalore Trivandrum Vizag and Hyderabad Site offices Patna Bihar Ownership editThe company is under the administrative control of Ministry of Steel Govt of India Currently 64 75 share of the company is held by Govt of India CERO editCERO is a joint venture of MSTC Ltd and Mahindra Accelo 13 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 Financials editMSTC reported total income of Rs 879 16 crores during the financial year ended March 31 2023 as compared to Rs 1123 32 crores during the financial year ended March 31 2022 The company has posted net profit of Rs 241 9567 crores for the financial year ended March 31 2023 as against net profit of Rs 199 0958 crores for the financial year ended March 31 2022 1 Awards editKolkata Best Employer Brand Awards 2017 by Employer Branding Institute India 14 References edit a b c MSTC Ltd consolidated Q4 FY2023 PAT increases QoQ to Rs 76 95 crores EquityBulls 23 May 2023 Retrieved 9 June 2023 Jacob Shine 28 December 2017 LPG dealership expansion gains pace Business Standard Retrieved 30 May 2019 Majumder Arindam 7 May 2018 E bidding Govt to explore English auction system for disinvestment Business Standard India via Business Standard FSNL Ferro Scrap Nigam Ltd Jacob Shine 30 November 2011 Q amp A S K Tripathi CMD MSTC Business Standard India via Business Standard Bureau Andhra Pradesh 24 July 2014 Stage set for e auction of red sanders The Hindu via www thehindu com Mazumdar Rakhi 7 May 2018 MSTC to conduct E auction of coal blocks mjunction cries foul The Economic Times PTI 15 September 2015 Bidding starts for imported LNG subsidy 16 power companies in fray Jacob Shine 16 February 2017 Cabinet awards 31 oil blocks to 22 firms Business Standard India via Business Standard Government launches e RaKAM portal for selling agri produce The Economic Times Jacob Shine 28 December 2017 LPG dealership expansion gains pace Business Standard India via Business Standard Contact Us MSTC Limited via MSTC LTD CERO Mahindra MSTC Recycling Pvt Ltd is India s First Authorized Recycler of Vehicles www mahindra com Retrieved 16 April 2022 Employer Branding Awards employerbrandingawards com External links editMSTC FSNL DDUGJY DEEP CERO ERAKAM Retrieved from https en wikipedia org w index php title MSTC Limited amp oldid 1210042853, wikipedia, wiki, book, books, library,
