Mahindra Intertrade, MSTC to set up auto shredding facility – Feedback

Mahindra Intertrade, part of the Mahindra Group, today partnered with state-run MSTC to set up an automobile shredding facility.

A memorandum of understanding (MoU) was signed between the company and MSTC, Mahindra Intertrade said in a statement. The proposed facility will be equipped with state-of-the-art, fully automated end-of-life vehicle recycling equipment and will be India’s first such facility, it added. MSTC Chairman and Managing Director S K Tripathi said: “MSTC is always looking at innovative ways to recycle scrap and protect the environment and this facility will help to participate in the emission targets which India has promised to fulfil via the COP 21 Emission Treaty.”

http://www.business-standard.com/article/pti-stories/mahindra-intertrade-mstc-to-set-up-auto-shredding-facility-116042800962_1.html

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *