India's 1st auto shredding plant to be set up
State-run metal scrap trading firm MSTC on Monday signed an agreement with Mahindra Intertrade, a subsidiary of the Mahindra Group, for setting up a first-of-its-kind automobile shredding and recycling plant in the country. A plant will be set up with a capacity of 1-1.5 lakh tonnes in either Gujarat or Maharashtra and will start production by 2018, Mahindra officials said.