MSTC share price takes off: India's recycling champion soars 90% in a month

livemint.com:

recycling industry in India is undergoing a notable shift, aligning with the nation's sustainability and renewable practices to lower its carbon footprint. As the country aspires to be the world's third-largest economy by 2030, recycling offers a path to balanced growth with significant environmental benefits. India produces about 55 million tonnes of Municipal Solid Waste (MSW) yearly, expected to rise to 125 million tonnes by 2031.

However, only a fraction of this waste is collected and processed, highlighting the need for improved recycling practices. Within the recycling landscape, the End-of-Life Vehicles (ELVs) sector also gains importance, stimulated by the government's 2021 scrappage policy. This policy, which mandates fitness tests for older vehicles, is creating a substantial source of scrap metal and opening opportunities for investment in recycling enterprises.

Commercial vehicles over 10 years and private passenger vehicles over 15 years that fail the test will be deregistered and scrapped. This offers an excellent chance for investors to capitalise on companies contributing to the country's recycling economy. And what could be more fitting than MSTC, a long-standing government-owned entity with decades of experience in the recycling industry? MSTC, a government-owned entity, is not your average recycling company.

Since its inception in 1964, MSTC has evolved from a scrap export regulator to a major player in e-commerce services and raw material trading. The company operates primarily in e-commerce and trading/marketing, offering diverse services across various commodities and assets. MSTC's e-commerce platform boasts over 150,000 global clients, leveraging cutting-edge IT infrastructure to provide secure