MSTC gets nod for investment in Mahindra MSTC

MSTC has received approval for investment by way of equity share capital contribution of Rs 6 crore in its Joint Venture Company, Mahindra MSTC (MMRPL) for expansion of recycling and vehicle scrapping business. The Board of Directors of the company at its meeting held on December 27, 2021 has considered and approved the same.

MSTC is a Mini Ratna Category-I PSU under the administrative control of the Ministry of Steel, Government of India.

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