The Union Minister of Steel & Mines Shri Narendra Singh Tomar was handed over the   dividend cheque for the financial year 2014-15 for an amount of Rs.16.37 Crore by Shri S. K. Tripathi, CMD MSTC in New Delhi today. MSTC’s dividend was declared at 207 percent  of the paid up equity capital for the financial year 2014-15 in the Annual General Meeting held on 14^th September 2015 at Kolkata. MSTC has also declared issue of Bonus Share at 1:1 ratio.

MSTC is a Mini Ratna category 1 PSU under Ministry of Steel. It is a profit making and dividend paying company. MSTC closed the financial year 2014-15 with a Profit before Tax (PBT) of Rs.131.47 Crore.

Total volume of business during the year is Rs. 29923 Crore – a growth of about 19%. There has been an increase in company’s reserve by around 11%.

In the year 2014-15 MSTC created history and successfully auctioned 29 coal blocks and allotted 41 coal mining blocks to steel, cement & power sector and State owned entities in a transparent and fair manner as a follow up of Supreme Court directive.  MSTC also conducted Global e-Tender-cum-e-Auction in multi-currency of Red Sander Wood for Andhra Pradesh valuing Rs. 850 Crore.  All these businesses made MSTC one of the largest e-commerce companies in the country.

MSTC promotes the policy of the Government of India for adopting e-Governance for ensuring efficiency, economy and equity in Government business decisions by its work.   “Sabka Vikas –MSTC ke Saath”

About MSTC Limited

·         MSTC limited (formerly known as Metal Scrap Trade Corporation Limited) was incorporated under the Companies Act, 1956 on 9^th September, 1964.

·         In 1974, it became a subsidiary of Steel Authority of India Limited (SAIL).  In 1982, MSTC was converted into a Government of India Company transferring the shares of SAIL to the President of India.   In 2002, awarded Mini Ratna Category II status.  In 2005 awarded Mini Ratna Category I status.

·         This company was canalizing agency for import & export of scrap in the country.  After decanalization of scrap, MSTC diversified its operation and is presently engaged mainly into providing e-auction/ e-procurement services. Under this segment, the Company undertakes disposal of ferrous and non-ferrous scrap arisings, surplus stores, condemned plants, Agri products etc from Public Sector Undertakings and Government Departments including Defence.

·         MSTC has a total strength of 307 employees as on 31.03.2015 and has a net worth of Rs 694.23 Crores.

Capital Structure

The Company has an authorized capital of Rs 50.00 Crore and paid up capital is Rs 8.80 Crore as on 31.03.2015 of which 89.85 % is held by the Government of India and balance 10.15 % is held by erstwhile members of Steel Furnaces Association of India, Iron and Steel Scrap Association of India and others.

Location Of Units

The registered and corporate office of the Company is located at Kolkata and it has four Regional offices at Kolkata, Delhi, Chennai and Mumbai; three branch offices at Visakhapatnam, Bangalore and Vadodara and six site offices at Bhopal, Hyderabad, Lucknow, Bhubaneswar, Trivandrum, Trichy and Jaipur.

Activities

The Company has two major division of activities i.e. e-Commerce and Trading.

e-Commerce

Under this segment of business, MSTC acts as a standalone and neutral e-commerce service provider to various Central/State Government Departments and other entities to ensure transparent and fair sale and purchase decisions.  MSTC has evolved as the only PSU under this segment of business and grown to become one of the largest companies in India in e-Commerce sector.  

Details of performance of e-Commerce division for the last five years are given below:

(Rs in Crore)

Trading

Trading- Import/ Export and domestic trade of mainly bulk industrial raw material for actual users. This division looks after sourcing, purchase and sales of industrial raw materials like Heavy Melting Scrap, Low Ash Metallurgical Coke, HR Coil, Naptha, Crude Oil, Coking Coal, Steam Coal etc on behalf of industries.

Details of performance of Marketing Division for the last five years are given below:-

(Rs in Crore)

The physical and financial performance of the company is given below:

(Rs in Crore)

*          Due to a provision of Rs 226.78 Crore during 2013-14 against old outstanding from foreign buyers of Gold Jewellery exported during the period 2007-09

MOU rating of the Company

Composition of Board of Directors of MSTC Limited

YSK