MSTC Limited is a Mini Ratna Category-I PSU
under the administrative control of the Ministry of Steel, Government of India.
The company was set up in 9th September 1964 to act as a regulating
authority for export of ferrous scrap with an investment of Rs 6 lakh.
Government of India, Members ofSteel Arc Furnace Association and members of
ISSAI had made with the investment.
MSTC became a subsidiary of SAIL in
1974. In 1982, it got delinked from SAIL and became an independent company
under Ministry of Steel. It was a canalizing agency for
import of ferrous scrap till 1992.
In an effort to Recycle Waste, Protect Environment
and Promote Growth, MSTC has developed a series of initiatives.
Since inception, MSTC has always made profits and
has paid dividends to its shareholders. The shareholders' investment in the
company was Rs. 1.10 Crore and by issuing bonus shares @1:1, the paid up capital
was increased to Rs. 2.20 Crore in 1992-93. It has issued further Bonus Shares
3:1, raising the paid-up capital to Rs. 8.8 Crore. In 2011-12 the company
declared dividend @ 1077%.