{
MSTC Limited

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MSTC Divests Ferro Scrap Nigam to Konoike Transport for 320 Crore

MSTC is in the spotlight following the Cabinet's approval for the strategic divestment of its 100% subsidiary, Ferro Scrap Nigam Limited (FSNL), to Japan's Konoike Transport for Rs 320 crore, expected to close by mid-January 2025. The company, which manages various e-bidding portals and has secured contracts for FM radio wavelength allocation, is exploring new revenue models in infrastructure as a service for sectors like recycling, mining, and e-commerce, as stated by Bhanu Kumar during the earnings call.
Moneycontrol
Japanese Yen MSTC Limited Oil and Natural Gas Corporation Limited Konoike Transport Co.,Ltd. Bhanu Kumar Ramesh Damani Show more
Finance & Economy, Market Report
11:29 05.12.2024
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