Welcome to FSNL

 

The Saga of FSNL

The beginning of the scrap processing industry in India can be traced back to 1956 when the Managing Director of the then TISCO contacted i.e. M/s Heckett Engineering Company, USA, ( a division of Harsco Corporation, (USA), considered the pioneer in Scrap Recovery Technology in the world. The predecessor of Ferro Scrap Nigam Ltd, M/s Heckett Engineering Company (USA) started its operation in 1957 in India at Tata Iron & Steel Company Limited (then TISCO, Jamshedpur) for mechanized scrap recovery. Subsequently, in the year 1962, Rourkela Steel Plant and in 1964, the Indian Iron & Steel Company, Burnpur also employed their services for scrap recovery.

M/s Heckett Engineering Company (USA) operated in India as the Indian Branch of the American Company. Pursuant to the promulgation of Foreign Exchange Regulation Act, 1974, M/s Heckett Engineering Company (USA) either had to wind up its operations or had to acquire an Indian partner who would take a majority stake. At the same time continuance of their operations in India was considered to be beneficial to the steel plants. The solution was to form a new Company.

The Government of India desired that the operation of M/s Heckett Engineering Company, USA should be indigenized. Consequently, MSTC Ltd (the erstwhile Metal Scrap Trade Corporation Ltd.,) then a subsidiary of SAIL was advised to begin work on this decision. MSTC Ltd., after undertaking a comprehensive study recommended the formulation of an independent company for this purpose and thus on the 28th of March, 1979, Ferro Scrap Nigam Limited in collaboration with M/s Harsco Inc., USA came into existence.

The entire mechanized scrap recovery process technology of M/s Heckett Engineering Company as well as the equipments and services of the operating personnel were transferred to FSNL, with 60% share holding by MSTC Ltd., and the remaining 40% share holding by M/s Harsco Corporation, USA. Initially, FSNL was a subsidiary of SAIL and delinked from SAIL alongwith MSTC Ltd., in 1982. In the year 2002, M/s Harsco Corporation transferred their 40 % share holding to MSTC Ltd., thus FSNL became a wholly owned subsidiary of MSTC Ltd.

FSNL has been awarded IMS (Integrated Management system) - ISO 9001:2008, ISO 14001:2004 & OHSAS 18001:2007 by M/S IRCLASS.

FSNL’S OPERATING UNITS

S.No.

 LOCATION

     STEEL PLANT

COMMENCEMENT

  1.

 ROURKELA

 SAIL-RSP

1962

  2.

 BURNPUR

 SAIL-IISCO

1964

  3.

 BHILAI

 SAIL-BSP

1983

  4.

 BOKARO

 SAIL-BSL

1984

  5.

 VIZAG

 RINL-VSP

1990

  6.

 DURGAPUR

 SAIL-DSP

1991

  7.

 DUBURI

 NINL

2002

 8.

 HARIDWAR

 BHEL

2011

 9.

 BENGALURU

 RWF

2012

 10.

 BHADRAVATI

 SAIL-VISL

2015