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

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 June 2024, the ministry is headed by a Secretary ...

Government of India The Government of India (ISO 15919, ISO: Bhārata Sarakāra, legally the Union Government or Union of India or the Central Government) is the national authority of the Republic of India, located in South Asia, consisting of States and union t ...

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

Kolkata Kolkata, also known as Calcutta ( its official name until 2001), is the capital and largest city of the Indian state of West Bengal. It lies on the eastern bank of the Hooghly River, west of the border with Bangladesh. It is the primary ...

West Bengal West Bengal (; Bengali language, Bengali: , , abbr. WB) is a States and union territories of India, state in the East India, eastern portion of India. It is situated along the Bay of Bengal, along with a population of over 91 million inhabi ...

with regional branch offices in various other cities. The company reported a net profit of INR 112.95 crore for the 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) refers to commercial activities including the electronic buying or selling products and services which are conducted on online platforms or over the Internet. E-commerce draws on technologies such as mobile co ...

sectors, including e-auction, e-procurement, high sea sales, e-sales, and retail software. MSTC had developed software to conduct an online draw for the new LPG distribution ship scheme, which was conducted by state-run oil marketing psu's all over India. 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. 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) was a subsidiary of MSTC which was disinvested in 2025 to Konoike Transport Co. Ltd, a Japanese corporation for Rs. 320 crores.

History

* 1964 - Incorporated as a regulatory body for the 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 products. * 2014 - Started e-auction of iron ore in Goa and red sanders wood in Andhra Pradesh. * 2015 - E-auction of coal mine 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 agricultural produce. * 2018 - Developed Online LPG Distributorship Draw Software for Oil Marketing Companies.

Presence in India

MSTC is headquartered in

New Town, Kolkata New Town ( Rajarhat New Town) is a planned city, planned Satellite city of Kolkata in the Indian States and territories of India, state of West Bengal. It is administered by NKDA (New Town Kolkata Development Authority). New Town is declared a ...

. MSTC have offices at 21 locations across India. There are four regional offices, 13 branch offices and 1 site office

Patna Patna (; , ISO 15919, ISO: ''Paṭanā''), historically known as Pataliputra, Pāṭaliputra, is the List of state and union territory capitals in India, capital and largest city of the state of Bihar in India. According to the United Nations, ...

(

Bihar Bihar ( ) is a states and union territories of India, state in Eastern India. It is the list of states and union territories of India by population, second largest state by population, the List of states and union territories of India by are ...

). * Regional Offices: ERO at

, WRO at

Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...

, SRO at

Chennai Chennai, also known as Madras (List of renamed places in India#Tamil Nadu, its official name until 1996), is the capital city, capital and List of cities in Tamil Nadu by population, largest city of Tamil Nadu, the southernmost states and ...

and NRO at

New Delhi New Delhi (; ) is the Capital city, capital of India and a part of the Delhi, National Capital Territory of Delhi (NCT). New Delhi is the seat of all three branches of the Government of India, hosting the Rashtrapati Bhavan, New Parliament ...

. * Branch offices: Ranchi,

Guwahati Guwahati () the largest 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 seat of the Government of Assam. Th ...

Bhubaneswar Bhubaneswar () is the capital and the largest city of the States and territories of India, Indian state of Odisha. It is located in the Khordha district. The suburban region, especially the old town, was historically often depicted as ''Chakra ...

Lucknow Lucknow () is the List of state and union territory capitals in India, capital and the largest city of the List of state and union territory capitals in India, Indian state of Uttar Pradesh and it is the administrative headquarters of the epon ...

Chandigarh Chandigarh is a city and union territory in northern India, serving as the shared capital of the states of Punjab and Haryana. Situated near the foothills of the Shivalik range of Himalayas, it borders Haryana to the east and Punjab in the ...

Bhopal Bhopal (; ISO 15919, ISO: Bhōpāl, ) is the capital (political), 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 ...

, Raipur,

Jaipur Jaipur (; , ) is the List of state and union territory capitals in India, capital and the List of cities and towns in Rajasthan, largest city of the north-western States and union territories of India, Indian state of Rajasthan. , the city had ...

, Vadodara,

Bangalore Bengaluru, also known as Bangalore (List of renamed places in India#Karnataka, its official name until 1 November 2014), is the Capital city, capital and largest city of the southern States and union territories of India, Indian state of Kar ...

, Trivandrum, Vizag and

Hyderabad Hyderabad is the capital and largest city of the Indian state of Telangana. It occupies on the Deccan Plateau along the banks of the Musi River (India), Musi River, in the northern part of Southern India. With an average altitude of , much ...

. * 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.

Financials

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 a net profit of Rs 241.9567 crores for the financial year ended March 31, 2023, as against a net profit of Rs 199.0958 crores for the financial year ended March 31, 2022.

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