Pact signed for sale of MSTC arm to Japanese firm Konoike Transport

MSTC signs a share purchase agreement with Japan's Konoike Transport for the strategic disinvestment of Ferro Scrap Nigam for ₹320 crore. The sale, approved by key ministers, follows a competitive bid process. The Chhattisgarh-based company, specializing in steel mill services, will undergo a management control transfer.
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