August 20, 2017 7:57 AM ET

Trading Companies and Distributors

Company Overview of MSTC Limited

Company Overview

MSTC Limited provides raw material support and ecommerce services to steel and petrochemical sectors in India. It engages in the trading of coal, iron ore, scrap and manganese ore, etc. The company also provides an e-Auction portal that provides a virtual marketplace for domestic sellers and buyers to do business in metal scrap (ferrous/non-ferrous), surplus stores, machineries, obsolete spares, vehicles, minerals, and agriculture and forest products. In addition, it offers tender/auction services for the disposal of ferrous and miscellaneous scrap from steel plants, as well as disposal of scrap and used stores, rejected wastes, and surplus items. Further, it offers e-Procurement, a solution...

225-C, A.J.C Bose Road

Kolkata,  700 020

India

Founded in 1964

Phone:

91 33 2290 0964

Fax:

91 33 2287 8547

Key Executives for MSTC Limited

Chairman and Managing Director
Director of Finance and Director
Chief Vigilance Officer
General Manager of Finance & Accounts
Company Secretary
Compensation as of Fiscal Year 2017.

MSTC Limited Key Developments

Government Plans To Sell Stake in NEEPCO And MSTC

The government is planning to sell up to 25% stake in North Eastern Electric Power Corporation Limited and MSTC Limited through initial public offerings. The government will appoint up to four merchant bankers for NEEPCO and two for MSTC. It is looking to sell up to 25% stake in each of the two firms, according to an advertisement from The Department of Investment and Public Asset Management.

PMO Scraps Plan to Divest FSNL

The Prime Minister's Office has agreed not to go ahead with the divestment of Ferro Scrap Nigam Limited as the entity has no tangible assets barring machinery, a top official said. "We are removing FSNL — a subsidiary of MSTC Limited — from disinvestment list because it does not have anything. No land. It just has [an] equipment," Steel Secretary Aruna Sharma told PTI.

Centre Plans To Divest Near 25% In MSTC

The Centre is planning to bring down its stake in MSTC, the company's Director (Finance) AK Basu said recently. The remaining 10-odd per cent is held by various industry associations. According to Basu, the plan is to opt for an "offer-for-sale" and not an IPO to bring down the stake to 65%. "The government's stake post-dilution will stand at 65%," he said. He further maintained that the company was also exploring options to divest stake in its subsidiary Ferro Scrap Nigam Limited.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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