MSTC contributes 5.54 crore in PM CARES Fund

Kolkata: MSTC Limited has announced its contribution of Rs 54 lacs from corporate social responsibility (CSR) fund and donation of Rs 5.00 crore to the PM CARES Fund to support India's Coronavirus (COVID-19) response. In addition, all the employees of MSTC Limited have pledged to donate their one day's salary to the Prime
Minister's CARES Fund.

"MSTC Limited salutes the entire medical and support fraternity including doctors, nurses and healthcare workers who are selflessly providing care to all to all affected patients in India," the company said in a press release.

MSTC Limited is committed to fighting the Coronavirus (COVID-19) pandemic and has instituted work from home for all the team members who are able to work remotely at all its locations, the company added.

The company is proud of its passionate and dedicated team members in IT Department (Systems), E-Commerce, Finance, HR, Marketing, Corporate Communications and Company Secretarial department who are ensuring support to fight with Coronavirus (COVID-19) without breakage of necessary E-commerce services provided by
the company, the company added.

MSTC Limited urges people both in India and around to support the cause by not forming groups unnecessarily and staying at home and supporting and following the government directions in this regard.
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MSTC Limited

MSTC Limited is a Miniratna PSU under the administrative control of the Ministry of Steel. The government has 64.75 percent shareholding of the company. The company's main lines of business involve E-commerce services, trading and recycling of the scraps products.