Center of Excellence in Steel Technology, Department of Metallurgical Engineering and Materials Science, Indian Institute of Technology Bombay organized Seminar on Value Extraction & Waste Management in Iron & Steel Industry in India, January 30-31, 2017.

In this seminar speakers from various industries, research centers and academia showcased their work in their efforts to mitigate the problem.

Dr. Aruna Sharma, Secretary (Steel), Ministry of Steel, Govt. of India  inaugurated the Seminar on the 30th of Jan 2017 in presence of distinguished guests. CMD, MSTC was also present.

CMD, MSTC participating in the high level panel discussion.

Unveiling of concept paper on Metal Recycling Policy for India by Hon’ble Union Minister of Steel Shri Chaudhary Birender Singh at MRAI 4^th International Indian Metals Recycling Conference venue in presence of CMD, MSTC and others on 27^th January, 2017.

CMD, MSTC sharing his views on prospect of setting up Auto Shredding Plant in India at MRAI 4^thInternational Indian Metals Recycling Conference on 27^th  January, 2017 at Hotel Fairmont, Jaipur, Rajasthan.

Metal Recycling Association of India (MRAI) is a National Association representing India’s Ferrous and Non-Ferrous Metals Recycling Industry.

New Office of MSTC opened in Jaipur, Rajasthan on 27th January, 2017

Inauguration of Jaipur office of MSTC by CMD in presence of others.

CMD with Hon’ble Union Minister of Steel Shri Chaudhary Birender Singh at Digi Dhan Mela at Bhilai on 23-01-2017. The sellers and buyers of Chhattisgarh who have done digital transactions are also felicitated by the Hon’ble Minister.

MSTC's stall at Pravasi Bharatiya Divas (PBD) Convention, 07-09 January 2017, Bengaluru, Karnataka

 Hon'ble Minister of Steel, Shri Chaudhary Birendra Singh with CMD, MSTC Shri B B Singh

Hon'ble Minister of Steel, Shri Chaudhary Birendra Singh with Steel Secretary Dr. Aruna Sharma and CMD, MSTC Shri B B Singh at the event of Signing of Joint Venture Agreement between MSTC Ltd and Mahindra Intratrade Ltd

MSTC's stall in Vibrant Gujarat Global Summit, 2017

New Initiative of NLC India Limited Saves Rs.460 crore

NLC India Limited, s implementing a coal based power project (3X660) at Ghatampur, Kanpur Dehat, UP through a joint venture company called NUPPL with UPRVUNL at an estimated project cost of RS.17,238crore. The debt component is 70% of the project cost amounting Rs12067 crore.

In order to secure debt component, the company has adopted an innovative method of tendering including reverse auction mechanism (A reverse auction mechanism is an auction approach to procurement/tendering, wherein sellers which meet certain minimum criteria are eligible to submit non-negotiable price bids.

The buyer (typically a utility) then selects winning sellers based on the lowest priced bids first, and signs non-negotiable standard contracts with the winning sellers, incorporating the prices bid by that seller), with the help of M/S MSTC in which all major bankers and financial institutions participated and after the successful tendering method f

Followed, a very competitive rate of 9.35% was secured for an amount of Rs.4,200 crore. Prior to this method, the company resorted to traditional way of tendering and could secure an interest rate of 10.50%.This new method is resulting in a saving to the tune of Rs.460 crore over the tenor of the loan .

The saving secured is expected to continue in getting the balance loan in due course of time .This may reduce the project cost significantly which will reduce the expected level of tariff.

-PSU CONNECT Report

---------------------------------------------------------------------------------------------------------------------

MSTC Limited conducted this unique e-reverse auction amongst banking and financial institutions, with L-1 matching for debt component of this joint venture company  of NLC India Limited obtaining loan against power project of NLC India Limited. This new method is resulting in a saving to the tune of Rs.460 crore over the tenor of the loan for NLC.

Madras Export Processing Zone (MEPZ), E-Auction

MSTC conducted e-auction for finalising the lease rent of 6 plots of Madras Export Processing Zone (MEPZ) in the first week of November, 2016. MSTC could elicit very good response and the plots on offer for lease rent fetched a revenue to the tune of Rs. 759.32 lakhs as against the notified rental income of Rs. 26.56 lakhs which is an increase of 2858.22%. Lease period is for three years which means increased revenue of Rs.21.98 crore apprx. (8575% for the lease period) for MPEZ.