A Miniratna Category - I PSU

Under the administrative control of

Ministry of Steel, Government of India

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Tender & Auction Services

The Division is responsible for disposal of ferrous and miscellaneous scrap from steel plants as well as disposal of scrap and used stores, rejected wastes, etc. and surplus items from over 150 Public Sector Undertakings and Departments. The Corporation also has a Management Services Division which provides the operational divisions regular feedback on market research. The Company's registered and corporate office is located at Calcutta and it has four Regional Offices at Calcutta, Delhi, Chennai and Mumbai. Besides, the company has branch offices at Bangalore, Vizag and Vadodara and also some site Offices.

The disposal activity is carried out through Tenders /Auctions / Tender -cum -Auctions /e-auction etc. The Volume of Sales in 2010 -2011, under this portfolio is Rs. 8133.56 Crore, out of which Sale of Scrap & Mananese is of Rs. 2568.08 Crore and Sale of Coal is of Rs. 5565.48 Crore. Some of the important customers in selling agency business are: Ministry of Defense, BSNL, MTNL, BHEL, NTPC, CIL, IOCL, ONGC, HPCL, BPCL, RINL, Road Transport Corporations, State Electricity Boards etc.