Friday, 22 January 2016

Air India engages MSTC, FSNL for scrap handling and auction services

Sunday Pioneer,New Delhi, Sunday, January 17, 2016
The Times of India, Kolkata , Friday, January 22, 2016
BusinessLine, Kolkata, Friday, January 22, 2016

Air India, Mumbai entered into an agreement with MSTC a Central PSU under Ministry of Steel and its wholly owned subsidiary Ferro Scrap Nigam Ltd (FSNL) recently to render services in the area of Disposal Yard Management. It is a historic event in the Journey of MSTC and FSNL. These PSUs are rendering services of scrap management, recovery, metal scrap auctioning for recycling throughout the country. As informed by the company, FSNL will provide logistic and support services for clot formation, classification and other support services while MSTC – the parent company that specializes in e-auctions service will auction the scrap to yield appropriate value for A-I in a fair and transparent manner. This will enhance metal recycling within the country that consumes much less energy and is environmentally friendlier than the iron ore process. This will also reduce imports of shredded scrap which is at present hovering around 5-6 million tonnes per annum - indeed a step towards the e-Governance and Make in India fulfilling the twin vowed objectives of our present Government.

No comments:

Post a Comment