MSTC pays dividend of Rs. 15.31 crore to Government

MSTC Limited today presented a dividend cheque of Rs15.31 Crore to the government for the year 2008-09. The cheque was handed over by the Chairman and Managing Director of the company Shri S.K.Tripathy to the Minister for Steel Shri Virbhadra Singh. Minister of State for Steel Shri A. Sai Prathap and the Steel Secretary Shri P.K.Rastogi were present on the occasion. Receiving the cheque, Shri Virbhadra Singh complimented MSTC for its performance and expressed the hope that it will continue to do well in the future.

Formerly known as Metal Scrap Trading Corporation Limited, MSTC Limited is a Mini Ratna Public Sector Undertaking under the Ministry of Steel. It earned a net profit of Rs.85.05Crore on a turnover of Rs. 6933 Crore.

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