As reported earlier, Mahindra MSTC Recycling, a joint venture between steel services company Mahindra Intertrade and state-controlled MSTC Ltd, was planning to open a vehicle recycling plant. According to the joint venture, a collecting and dismantling unit located in Noida, worth a total of between EUR 396,700 and EUR 529,000, is going to be operational by February 2018, as was reported by The Economic Times. Mahindra MSTC Recycling will invest a total of about EUR 1.5 million in the project.