Union Ministry of Steel and Heavy Industries inaugurated the new corporate office of MSTC Ltd¯ at Narojinagar, World Trade Center, New Delhi. At the same event, the Upkaran E-Portal, a digital equipment inventory and disposal platform, was officially launched, strengthening India’s push toward digital governance and resource efficiency.
About MSTC Ltd
| Particulars | Details |
| Full Form | Metal Scrap Trade Corporation Ltd |
| Established | 1964 |
| Category | Mini Ratna CPSE under the Ministry of Steel |
| Evolution | From a scrap trading agency to a national digital auction and asset monetisation platform |
| Head Office (New) | Narojinagar, World Trade Center, New Delhi |
Functions of MSTC
- Conducts digital auctions for:
- Public asset monetisation
- Coal block auctions
- Spectrum sales
- Over 4 lakh auctions completed till date
- ISO-certified digital infrastructure
Strategic Importance
- Relocation to Delhi enhances access to inter-ministerial coordination, policy-level decision-making, and stakeholder engagement
- Supports the Digital India and Viksit Bharat 2047 vision by increasing transparency, efficiency, and accountability in government operations.
- Supports Atmanirbhar Bharat by empowering MSMEs with access to machinery and equipment.
MSTC’s Role in National Development
- Key driver in public asset monetisation.
- Enabler of economic decentralisation through digital tools.
- Critical partner in India’s journey toward becoming a $5 trillion economy and achieving Viksit Bharat status by 2047.
Upkaran E-Portal: A Game Changer in Digital Asset Management
What is it?
A comprehensive e-marketplace platform for:
- Inventory management
- Equipment and machinery listing
- Inter-departmental asset transfer
- Disposal of idle/surplus government machinery
Purpose & Impact
- Enhances resource utilisation and cost-efficiency in government departments and PSUs
- Promotes transparency, sustainability, and digital transformation in public procurement
- Bridges the gap between industry and innovation
- Supports MSMEs by improving access to affordable, usable government machinery
Key Features
- End-to-end digital platform for equipment lifecycle management
- Transparent auctions for machinery and industrial tools
- Supports inter-organisational collaboration
Broader Significance
For Policy & Governance
- Aligns with the PM’s vision for transparent, tech-driven public service delivery
- Showcases India’s capability in building trusted digital platforms
For Economy & Industry
- Encourages efficient public asset disposal
- Facilitates sustainable industrial development
- Empowers MSMEs and startups with affordable machinery