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Kolkata : Union Minister for Steel Ram Chandra Prasad Singh inaugurated MSTC’s new Corporate building at Newtown, Kolkata, West Bengal, on August 26, 2021. He also inaugurated a Data center and launched the mobile app on 10 S android. Union Minister of State for Steel and Rural Development Fuggan Singh Kulaste was also present on the occasion.
Congratulating the MSTL officials for owning its own building in the city, Singh said that the new corporate building is a state of the art construction incorporating the latest features. Singh said that the MSTC that started off as ‘Metal Scrap Trade Corporation Limited’ has transformed to become number one e-commerce player providing specialised solutions for e-auctions to state and central governments. He said that the government has taken several environment-friendly initiatives and also is working towards the mission of green steel, according to a PIB release.
MSTC has been the e-commerce service provider for the Central and State Governments for their flagship projects, viz. Spectrum Auction, Coal Bloc Auction, Mines and Mineral Auctions, Sand Mining Bloc Auctions, Projects like UDAN, bidding platform for export and import of petroleum products, strategic as well as Asset Sale of sick CPSEs and other Government Departments through D1PAM and many more such domains where MSTC has made its presence felt in a big way. It is also providing e-auction services to large No. of PSUs as well as few big Private sector organisations. The total revenue from operation was Rs 428 Crore and the Profit after Tax was Rs 101.07 Crore.
The total covered area of the newly inaugurated building is approximately 55,000 sq.ft. The building is 11 stories high with Ground plus 10 floors. Built at a cost of around Rs 55 crore, it is certified as a Green building by IGBC (India Green Building Council). The corporate building of MSTC is a Steel intensive structure with minimum use of concrete. Furthermore, the Building has intelligent building management system (IBMS) wherein all the services like security surveillance, AC, internal lighting, lift, and fire fighting and fire detection system are integrated to the building management system. It has Solar panels on the rooftop to generate electricity and LED lights have been used extensively to minimise energy consumption. Te Building also has Rain Water Harvesting System.
MSTC Ltd, previously known as Metal Scrap Trade Corporation, was set up in 1964 as a regulatory body for export of ferrous scrap and thereafter canalising agency for import of ferrous scrap and old ships for breaking in the country. From traditional business, MSTC has diversified to e-commerce, Today, MSTC has more than seventeen offices across the country. MSTC has formed a Joint Venture company, ‘Mahindra MSTC Recycling Private Limited’ (MMRPL) with Mis Mahindra intergraded Ltd.