MSTC Limited, a Government of India enterprise, has announced that it has received a work order from Coal India Limited (CIL) to serve as an E-auction Service Provider for conducting coal and coal product e-auctions over the next two years.
Key Highlights of the Contract:
- Client: Coal India Limited (CIL)
- Scope: Conducting e-auctions for coal and coal products
- Contract Duration: Two years
- Regulatory Disclosure: Announced under SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
Significance of the Deal
This contract strengthens MSTC’s position in India’s digital auction ecosystem, reinforcing its role in facilitating transparent and efficient coal distribution. As a major PSU under the Ministry of Steel, MSTC has played a key role in India’s e-commerce and e-procurement platforms.
