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. The CIN of the Company is U27320WB1964GOI026211.
Major events in the history 1964 - Incorporated for export of scrap.
1973 - Became a subsidiary Company of SAIL.
1979 - Investment in Ferro Scrap Nigam Limited.
1982 - Became an independent GoI Company under MoS.
2001 - Accorded with Mini Ratna Category-II.
2002 - Acquisition of remaining shares of Ferro Scrap Nigam Limited vide share sale agreement dated June 29, 2002 by virtue of which it became the wholly owned subsidiary.
2004 - Commenced e-auctioning of coal.
2006 - Awarded Mini Ratna Category I.
2007 - Upgraded to Schedule `B' Company.
2010 - Commenced e-auction of Tea.
2011 - Commenced E-Auction of human hair.
2012 - Commenced e-auction of iron ore in Karnataka. - Commenced e- auction of chrome ore and chrome concentrate for Odisha Mining Corporation. - Signed milestone agreement with Government of Andhra Pradesh for e-commerce services.
2014 - Commenced e-auction of iron ore in Goa and red sander in Andhra Pradesh.
2015 - Commenced e-auction of coal mine blocks and subsidy disbursement for re-gasified liquified natural gas.
2016 - Commenced e-bidding platform under DDUGJY and IPDS, DEEP, allocation of marginal oil field. Entered into a JVA with MIL for setting up an auto shredding plant at Greater Noida, Uttar Pradesh. - Developed portal for e-auction of sixty seven (67) marginized oil and gas fields. - Launched E-mall MSTC Metal Mandi M3 portal.
2017 - Conducted the first ever reverse auction of selection of Inter State Transmission Service Provider. - Commencement of portal "E-RaKam" for selling agricultural produce in collaboration with CRWC. - Developed application for online lottery of LPG distributors by OMC for conducting on-line computerized draw of lots as per the requirement of the OMC. - E-solution "RCS-UDAN" to the Ministry of Civil Aviation for transparent bidding process of Regional Air Connectivity Scheme (RCS).
2018 - Entered into a Memorandum of Agreement with Transport Department, Government of NCT, Delhi for scientific collection, dismantling and recycling of vehicles.
2024 -The acquisition of MMRPL is a 50:50 Joint Venture with Mahindra Inter Trade Limited.
Awards and Recognition 2016-17 - Awarded the "Rajya Bhasha Puraskar" by Muncipal Offical Language Execution Committee, Kolkata for its excellent efforts in execution of working in official language.
2017-18 - Awarded the "Kolkata Best Employer Brand Award 2017" by Dewang Mehta, National Education Awards. - Awarded the "Ispat Rajya Bhasha Vishisht Samman" for official language for doing excellent work in the area of Hindi by MoS. - Awarded the 1st prize in Rajya Bhasha Kriti Award by Department of Offical Language, Ministry of Home Affairs for its excellent efforts in execution of working in official language. - Awarded the 3rd prize by Municipal Official Language Execution Committee, Kolkata for its excellent efforts in execution of working in official language.
2019-MSTC Limited signed an Agreement with Kerala State Electricity Board for providing e-procurement services to them for their solar project across the state.
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