MSTC Ltd. (India)

MSTC Ltd. is a Mini Ratna Category-I PSU located in Kolkata, India. It was incorporated as "Metal Scrap Trade Corporation Limited" on September 9, 1964, and later changed its name to "MSTC Limited" on September 26, 1994. The company initially dealt in the export of ferrous scrap and became a subsidiary of SAIL in 1973. After the decanalisation of metal scrap by the Government of India in 1992, MSTC decided to diversify its business and become a multi-product and multi-functional organization. MSTC is a leading PSU entity that provides e-commerce related services across various industry segments. It offers e-auction, e-sale, e-procurement services, and develops customized software solutions. The company has conducted over 190,000 auctions and serves more than 110,000 users. It is known for its transparency in conducting e-auctions and has developed different modules to cater to the needs of different sellers. MSTC also offers e-procurement services for a range of products and has developed e-commerce modules for providing customized services to its clients. In addition to e-commerce, MSTC is also involved in trading bulk industrial raw materials such as low ash metallurgical coke, HR coil, naptha, crude oil, coking coal, steam coal, and line pipes. It caters to customers in the steel, oil and gas, and power sectors. To support the steel industry in India, MSTC entered the recycling sector in 2017 through its subsidiary MMRPL. MMRPL is setting up an auto shredding plant for recycling end-of-life vehicles and other white goods into shredded scrap, which is a vital raw material for steel plants. MSTC has achieved several milestones in e-commerce, including developing e-bidding platforms for various government schemes, conducting e-auctions for sand mining blocks in Uttar Pradesh, and establishing e-platforms for power procurement activities. The company has also launched M3 MSTC Metal Mandi, a virtual marketplace for trading metals and other products, and developed an EXIM portal for a leading petroleum company. Overall, MSTC Ltd. is a government-controlled company that provides e-commerce services, trades bulk industrial raw materials, and has ventured into the recycling sector. It has achieved significant milestones in the e-commerce industry and is known for its transparency and credibility in conducting auctions and providing procurement services.