MSTC has signed fresh selling agency agreement with Chhattisgarh State Power Generation Company (CSPGCL), Raipur which shall remain valid for a period of 5 years. The projected volume of business for the FY20 is expected to be around Rs 75 crore.
The company has also signed selling agency agreement with Jindal Power (4x 250 MW & 4x600 MW = 3400 MW), Raigarh which shall remain valid till either party terminates the agreement by giving advance notice of 3 months to the other party. The projected volume of business in the current financial year is expected to be around Rs 10 Crore of scrap and 30 crore of spare parts apart from coal mill rejects, cenosphere & fly ash.
MSTC is a Mini Ratna Category-I PSU under the administrative control of the Ministry of Steel, Government of India.
