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Govt receives multiple EOIs for strategic disinvestment of MSTC’s arm

20 Jun 2022 Evaluate

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.

MSTC Share Price

472.05 -2.45 (-0.52%)
17-Apr-2026 16:59 View Price Chart
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