For a way ahead

For a way ahead

The Union Minister of Steel & Mines Narendra Singh Tomar was handed over the   dividend cheque for the financial year 2014-15 for an amount of Rs16.37 crore by SK Tripathi, CMD MSTC in New Delhi. MSTC’s dividend was declared at 207 percent  of the paid up equity capital for the financial year 2014-15 in the annual general meeting held on September 14 2015 at Kolkata. MSTC has also declared issue of bonus share at 1:1 ratio.

MSTC is a mini ratna category 1 PSU under Ministry of Steel. It is a profit making and dividend paying company. MSTC closed the financial year 2014-15 with a Profit before Tax (PBT) of Rs131.47 crore.

Total volume of business during the year is Rs 29923 Crore — a growth of about 19 per ecnt. There has been an increase in company’s reserve by around 11 per cent.

In the year 2014-15 MSTC created history and successfully auctioned 29 coal blocks and allotted 41 coal mining blocks to steel, cement  and  power sector and state owned entities in a transparent and fair manner as a follow up of Supreme Court directive.  MSTC also conducted global e-tender-cum-e-auction in multi-currency of Red Sander Wood for Andhra Pradesh valuing Rs 850 crore.  All these businesses made MSTC one of the largest e-commerce companies in the country.

MSTC promotes the policy of the government of India for adopting e-governance for ensuring efficiency, economy and equity in government business decisions by its work.   Sabka Vikas -MSTC ke Saath 



Sunday Edition

View All

‚ÄėAssault‚Äô on police driver: Action against Kerala ADGP

17 Jun 2018 | VR Jayaraj | Kochi

In a swift move intended at stemming the protests brewing in the State police force against certain top officials’ ‘feudalistic’ practice of persecuting policemen and camp followers by using them as house servants, the Kerala Government on Saturday removed ADGP Sudesh Kumar, whose daughter was the other day booked for assaulting and verbally abusing his official police driver, from the position of head of the Armed Police Battalion. The action against...

Read More


View All

Woman’s body found in autorickshaw, case filed

20 Jun 2018 | Staff Reporter | Bhopal

A 35-year-old woman’s body was recovered from an autorickshaw at Rethghat under Talaiya police station area late in the night on Monday. Sensation prevailed in Retghat area on Monday night after body of a woman was recovered the auto rickshaw and after spotting the woman police were informed...

Read More

Page generated in 0.34 seconds.