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MSTC (Metal Scrap Trade Corporation) Ltd undertakes trading activities, e-commerce and also disposal of ferrous and non-ferrous scrap, surplus stores, minerals, agri and forest products, etc.The company is owned and controlled by the Government of India.
MSTC is the L1 bidder for Coal India's tender to provide services for Non-Regulated Sector Linkage auctions through its platform for three years. The contract value is currently unquantified.
MSTC secured a contract from the Director General of Foreign Trade to run e-auctions for Gold Tariff Rate Quota and other commodities. Revenue, unquantifiable initially, will come from transaction fees, with management anticipating fair business volume from this ongoing agreement.
MSTC secured a contract with Karnataka's State Excise Dept. to conduct e-auctions for liquor shop licenses. Revenue will be commission-based on bid value. The agreement remains valid until terminated by either party.
MSTC has been selected by Central Pollution Control Board (CPCB) to develop and operate a National Electronic Trading Platform for EPR Certificates. Revenue will be commission-based on traded volumes. The engagement period details are awaited upon Letter of Award.
MSTC Limited has announced a board meeting to discuss the engagement as an E-auction Service Provider for Coal India Limited, awarded for a two-year term. This work order includes conducting e-auctions for coal and coal products, covering 166 events, equating to 40% of the estimated work value. Notably, there are...