The government has received multiple expressions of interest (EOIs) for strategic disinvestment of MSTC’s wholly owned subsidiary -- Ferro Scrap Nigam (FSNL).
After completion of due diligence, DIPAM would invite financial bids from potential buyers of FSNL. Incorporated in 1979, FSNL is a subsidiary of MSTC, which comes under the steel ministry. The company is a pioneer in metal scrap recovery and slag handling in India.
MSTC is a Mini Ratna Category-I PSU under the administrative control of the Ministry of Steel, Government of India.
