MSTC Ltd has completed the disinvestment of its wholly-owned subsidiary, Ferro Scrap Nigam Limited (FSNL), transferring its 100% equity shares to Konoike Transport Co. Ltd for Rs. 320 crores, effective January 21, 2025; FSNL contributed 57.83% of turnover and Rs. 257.79 crores in net worth in the last financial year.