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MSTC Ltd.

BSE: 542597 Sector: Others
NSE: MSTCLTD ISIN Code: INE255X01014
BSE 00:00 | 06 Aug 152.15 0.10
(0.07%)
OPEN

153.75

HIGH

158.80

LOW

150.95

NSE 00:00 | 06 Aug 152.50 0.10
(0.07%)
OPEN

152.90

HIGH

158.80

LOW

151.00

OPEN 153.75
PREVIOUS CLOSE 152.05
VOLUME 57323
52-Week high 235.15
52-Week low 70.40
P/E 14.25
Mkt Cap.(Rs cr) 1,071
Buy Price 152.15
Buy Qty 2918.00
Sell Price 153.00
Sell Qty 1.00
OPEN 153.75
CLOSE 152.05
VOLUME 57323
52-Week high 235.15
52-Week low 70.40
P/E 14.25
Mkt Cap.(Rs cr) 1,071
Buy Price 152.15
Buy Qty 2918.00
Sell Price 153.00
Sell Qty 1.00

MSTC Ltd. (MSTCLTD) - Company History

MSTCa Government of India Company is engaged in domestic and international trading activity for over 30 years. It is the canalising agency for import in India of Carbon Steel Metling Scrap and also Sponge Iron/Hot Briquetted Iron and Re-rollable Scarp till February 1992. It is also the canalising agency for old ships for breaking. The Company's Foreign Trade Division largely undertook import and export of Carbon Steel Melting Scrap and now enlarging its import activity in Steel/Coal/Coke as also other non-traditional items like SKONon-ferro and Ferro-alloy items. It is also planning to import ferro alloys and import of input items of integrated steel plants and IF/EAF units. As part of diversification MSTC continued its efforts to venture into marketing of finished steel during 2000-01 from integrated steel plants. It also entered into MOU with KISCO for disposal of Pig Iron in domestic market. The company has started action for creating an e-auction portal which would facilitate participation of both sellers and buyers through electronic mode. The portal is likely to be launched commercially in the fag end of 2001-02.MSTC Ltd. came out with an Initial Public Offering (IPO) of 17670400 equity shares of Face Value of Rs 10 each of the company through an offer for sale by the President of India acting through the ministry of steel Government of India (the selling shareholder) for cash at a price of Rs 120/- per equity share aggregating to Rs 211.04 Crores. The IPO was priced at Rs 120/- per equity share.