Latest news with #MSTCLtd
Business Upturn
4 days ago
- Automotive
- Business Upturn
MSTC shares jump 8% as Govt issues draft notification on vehicle scrapping rules
By Aditya Bhagchandani Published on August 18, 2025, 15:12 IST Shares of MSTC Ltd surged nearly 8% to ₹479.85 on Sunday after the Ministry of Road Transport and Highways (MoRTH) issued a draft notification on Vehicle Scrapping Rules, inviting suggestions within 30 days. The proposed amendments to the Central Motor Vehicles Rules, 1989 relate to the registration and functioning of vehicle scrapping facilities. Importantly, the new draft expands the scope of entities eligible for scrapping, extending coverage to firms, societies, companies, and recyclers in ship breaking and recycling. The move is being seen as a major boost for companies engaged in metal recycling and e-auction services like MSTC, which has a strong presence in facilitating government-led auctions of scrap and obsolete assets. Market participants believe that the reforms could significantly improve the supply of scrap material for recycling and formalise the sector further. This is expected to enhance business visibility for MSTC, as it plays a central role in digital auctioning of scrap, including vehicles. Brokerages noted that the vehicle scrappage policy will also indirectly benefit the steel, auto, and recycling value chain, as it will help recycle usable metal and push replacement demand for new vehicles. Analysts expect MSTC to remain in focus as the government accelerates its push towards sustainable and circular economy practices. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
27-06-2025
- Business
- Business Standard
Himadri Speciality Chemical Ltd leads gainers in 'A' group
Godfrey Phillips India Ltd, MSTC Ltd, Akzo Nobel India Ltd and Adani Total Gas Ltd are among the other gainers in the BSE's 'A' group today, 27 June 2025. Godfrey Phillips India Ltd, MSTC Ltd, Akzo Nobel India Ltd and Adani Total Gas Ltd are among the other gainers in the BSE's 'A' group today, 27 June 2025. Himadri Speciality Chemical Ltd surged 13.77% to Rs 509.5 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 12.32 lakh shares were traded on the counter so far as against the average daily volumes of 69324 shares in the past one month. Godfrey Phillips India Ltd soared 9.52% to Rs 9411.7. The stock was the second biggest gainer in 'A' group. On the BSE, 21348 shares were traded on the counter so far as against the average daily volumes of 5757 shares in the past one month. MSTC Ltd spiked 8.19% to Rs 559.85. The stock was the third biggest gainer in 'A' group. On the BSE, 37655 shares were traded on the counter so far as against the average daily volumes of 17037 shares in the past one month. Akzo Nobel India Ltd spurt 7.74% to Rs 3439.8. The stock was the fourth biggest gainer in 'A' group. On the BSE, 38597 shares were traded on the counter so far as against the average daily volumes of 856 shares in the past one month. Adani Total Gas Ltd added 7.22% to Rs 692.3. The stock was the fifth biggest gainer in 'A' group. On the BSE, 9.14 lakh shares were traded on the counter so far as against the average daily volumes of 86581 shares in the past one month.
Time of India
27-05-2025
- Time of India
Demolition of old domestic terminal only after Haj
1 2 3 Kolkata: The dismantling of Kolkata airport's former domestic terminal, inactive since 2013 following the launch of the new integrated terminal, will commence after Haj flights conclude this July. The demolition, including the air traffic surveillance building, is essential for the airport's future expansion plans. The passenger terminal was used for multiple purposes since it was decommissioned over a decade ago. During the pandemic, a section of the terminal was converted into a quarantine centre. An RT-PCR testing facility operated out of the building in 2020-22 when the tests became mandatory for international travellers flying into Kolkata. The terminal was also used to conduct Haj flights during the annual pilgrimage to Mecca in Saudi Arabia. The contract for auctioning the material retrieved from the demolished building was handed over to public sector undertaking MSTC Ltd. The demolition is expected to be completed by the end of this year or early next year. A new U-shaped passenger terminal, initially proposed to be used exclusively for international flights, will be constructed in place of the old terminal. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2025: Steel Suppliers From Mexico At Lowest Prices (Take A Look) Steel Suppliers | search ads Search Now Undo A wall has already been constructed to segregate the old domestic airport terminal from the apron area, facilitating the demolition of the building. A gap has been left before the exit to facilitate Haj pilgrims accessing the Saudi Arabia Airlines flight used to ferry them to Mecca. "The segregation wall is important both for the safety and security of airlines and airport ground staff, as well as aircraft and other equipment deployed in the apron area," an airport official said. While construction sites are usually cordoned off with corrugated metal sheets, a brick and mortar wall with a concrete plinth and columns is being built to prevent any breach of security during the construction of the new terminal when several hundred workers will be engaged by the contractor. The old domestic terminal, built in 1995, had a capacity of 50 lakh passengers per annum. Its built-up area is 2.4 lakh sq ft. The current terminal has a capacity of 2.6 crore passengers per annum with a built-up area of 24 lakh sq ft. The capacity is being increased to 2.8 crore through a modular expansion that will lead to the addition of 71,000 sq ft. This project will be completed by the end of this year.
