MSTC Limited is a Mini Ratna Category – I PSU under the administrative control of the Ministry of Steel, Government of India. The Company was incorporated as “Metal Scrap Trade Corporation Limited”, under the provisions of the Companies Act, 1956 on September 9, 1964 at Kolkata. The Company was granted the certificate of commencement of business on April 12, 1965 by the RoC. Subsequently, the name of the Company was changed to “MSTC Limited” pursuant to the special resolution passed by the Shareholders in the general meeting held on September 26, 1994 and a fresh certificate of incorporation consequent upon such change of name was issued by the RoC on November 9, 1994.
Since its incorporation till the decanalisation of metal scrap by the GoI in 1992, the Company was mainly engaged in import of metal scrap as a canalising agency of the GoI. After the decanalisation, the Company had decided to diversify business and emerge as a multi-product and a multi-functional organization.
Industry: Public Administration