Wednesday, 19 June 2019
FICCI organised the third edition of Circular Economy Symposium on 17th- 18th June 2019 at FICCI Headquarters in New Delhi. The objective of the Symposium is to mainstream Circular Economy Principles in Indian businesses for long term value creation, both economic economic (extended value of products and materials for as long as possible) as well as environmental (minimizing waste generation and resource use).
Shri B B Singh speaking in the Symposium on Industry Deep Dives – “Vehicle Dismantling & Recycling” on June 18th.
Tuesday, 11 June 2019
World Environment Day
Theme: AIR POLLUTION
West Bengal State Center ,Institution of Engineer (India) observed World Environment Day on 5th June 2019. Shri B.B.Singh Chairman and Managing Director , MSTC Limited was the Chief Guest and Dr. Anupam Debsarkar Associate Professor of Environmental Engineering Division of Department of Civil Engineering, Jadavpur Univerisity, delivered the Key Note Address.
Shri Sandip Kumar Deb, Chairman West Bengal State Center, IE(I) chaired the observance function and gave the welcome address.
Shri Avinash Singh, Chairman Environmental Engineering Division of WBSC, IE(I) spoke on History of World Environment Day.
Shri B. B. Singh spoke on various aspects of Air pollution and its impact on our life. In his address he dwelled on air- pollution caused vehicles, air conditioning & refrigeration, various types of waste dumping and their impacts on everyday life. He also told how MSTC is diversifying in recycling business. They have already started a venture Mahindra & Mahindra for old vehicle wrecking and then recycle 80 % of the wrecked vehicle parts. The rest 20% goes for dumping. He also informed about the future business forays concerning waste management as main feature.
Dr. Anupam Debsarkar, in his key note address very systematically gave the picture of air quality standards and then moved to effects because of the exposure to PM2.5 , Ozone, and household air pollution.
The function was attended by past president, past & present Council Members, State Committee members, Corporate Members of WBSC, IE(I) and guests from different walk of life.
Thursday, 30 May 2019
On 08-08-2016 on the occasion of signing of Joint Venture Agreement between MSTC and Mahindra Intertrade for setting up Auto Shredding Plant for organized recycling and shredding of End of Life vehicles and white goods in an environment friendly manner.Venue – Steel Room, New Delhi on 08-08-2016 in august presence of Hon’ble Minister of Steel, Secretary Steel and other dignitaries.
Wednesday, 29 May 2019
Saturday, 18 May 2019
MSTC management has been emphasising for some time for expansion of business in new areas. In last Business review meeting Shri B B Singh, CMD, emphasized new opportunity areas to drive growth in business. Large private sectors were considered as one such area where MSTC may provide e-commerce service.
After conducting successful e-auction on behalf of Reliance Retail Limited With this bidding platform.
MSTC recently signed ‘big ticket’ agreement with Reliance Industries Ltd for providing e-commerce service for disposal of scrap etc. This will reduce human interference, ensure more transparency in the sale process and realise competitive price. It is expected to generate sizable business in next couple of months.
We hope to provide e-Commerce Services for other Systems of RIL.
Friday, 17 May 2019
30.04.2019 TUV Nord has conducted first stage audit for IMS system ISO 9001 : 2015, ISO 14001: 2015, ISO 45001 : 2018 at CERO. They have recommended us for second stage audit. Which is planned in last week of may.
07.02.2019 Indo-German water and waste management delegates, CPCB and UPPCB representative visited CERO plant and appreciated our initiative.
CERO (Mahindra MSTC Recycling Pvt. Ltd.) is India’s First authorized recycler for motor vehicles, having received accreditation by the Delhi Government on 21st December, 2018.
Thursday, 9 May 2019
Wednesday, 8 May 2019
MSTC developed software for Product Import e-tendering module with Reverse Auction platform for Indian Oil Corporation (IOCL)
The e-tendering module for import of petroleum products was formally launched by Director (Finance) in the presence of Chairman and Managing Director, MSTC.
The e-portal is a tailor made one encompassing the Reverse Auction platform. Along with e-tendering, the revised GTC for import of petroleum products (CFR & FOB) has also been implemented enabling finalization of import e-tenders in a short duration of 3 to 7 hours (depending on tender delivery option(s)).
While appreciating the combined efforts of CO (IT), COIS and MSTC in developing the portal, Director(Finance) described the introduction of e-tendering in petroleum product tenders as a path-breaking development with numerous benefits for IndianOil as well as the counter parties. He also emphasized the significance of system security and regular system audit to ensure the same.
Few e-tenders have already been finalized by International Trade Department for petroleum product import through the portal, the first being finalized on April 23, 2019. E-tendering module for petroleum product exports is already in use since September 2017.
ED (CF), ED (IT) and ED I/c (IS) were present on the occasion along with the participants from IT, BD (Gas), IS Departments and participants from MSTC.
Friday, 3 May 2019
Monday, 29 April 2019
Friday, 19 April 2019
Annual Business Meeting of MSTC Limited held on 16th & 17th April 2019 at New Town, Kolkata. Shri B B Singh, Chairman & Managing Director, Smt. Bhanu Kumar, Director (Commercial), Shri S Sarkar, Director (Finance), all Regional Managers , Regional Finance Managers, Branch Managers, Branch Finance Managers from regional and branch offices and all Head of the Departments of Corporate Office were present. In addition to review of major accomplishments of financial year 2018-19 new program initiatives for 2019-20 were discussed.
Friday, 12 April 2019
HYDERABAD: It was a windfall again for the second day for the Hyderabad Metropolitan Development Authority (HMDA) in the open plots auction conducted by it on Monday. The authority earned about Rs 475 crore for 31 plots on day two of the auction. The metropolitan authority had put a total of 67 plots located in Uppal Bhagat layout near Nagole for auction over a period of two days. All the plots were sold with great demand being displayed by builders and developers, especially for the bigger plots that were put for the auction on the second day.
In two days, HMDA has got Rs 677 crore for all the 67 plots. The first day’s auction i.e on April 7, fetched about Rs 202 crore to the the HMDA. As per the upset price which was Rs 28,000 per sq yard, HMDA should have got Rs 368 crore for all the 67 plots put together. However, they got almost double of that.
Officials said the highest amount bid by participants was Rs 59,800 per square yard on Monday and the lowest bid amount quoted for sq yard land was Rs 36,600. On the first day (Sunday), the highest amount was Rs 79,300 per sq yard and the lowest was Rs 60,900.
“The reason for the slightly less bid amount per square yard, compared to Sunday’s bids, was as the HMDA put above 2,000 sq yards size plots for sale. Only big developers and builders, who want to develop malls, commercial complexes, IT towers come forward to grab it. But the authority gets benefit as for bigger plots require less space for roads, open spaces and other amenities compared to smaller plots,” a senior official of the HMDA connected to the auction said.
Officials said the auction was conducted in two sessions on Monday. Seventeen plots were put for auction in the morning session (from 9 am to 12 noon) covering a total extent of 44,718 square yards, while the afternoon session was held for 14 plots between 2 pm and 5 pm covering an extent of 54,995 square yards. There was enthusiasm from the bidders as the auction continued till late evening. In the first session, the revenue earned was Rs 216 crore while it was about Rs 259 crore in the afternoon session.
Officials said the successful bidders will have to pay 25 per cent of the bid amount within one week from the date of issuing allottment letter.
The balance amount can be paid within two months. For those seek more time, they will need to pay the amount with interest.
The names of the bidders is being worked out by the MSTC Limited, which conducted auction on behalf of the HMDA.
Wednesday, 3 April 2019
Shri V P Haran and Shri G C Chaturvedi has been appointed as Independent External Monitor (IEM) to MSTC Limited. A meeting has been arranged on 2nd April, 2019 with newly appointed Independent External Monitors at Board Room at Head Office of MSTC Limited in Kolkata. The meeting was to appraise about the working of MSTC Limited. Shri B B Singh, CMD MSTC along with the other officials of MSTC Limited presented a corporate presentation before newly appointed IEMs. Shri V P Haran was present at the venue. Shri G C Chaturvedi joined the meeting over video conferencing. Shri Utpal Kedia, CVO MSTC Limited also joined the meeting over video conferencing from Bhilai.