MSTC Limited has announced that it has secured a significant work order from Coal India Limited (CIL) for a period of two years. As per the official exchange filing dated March 21, 2025, MSTC will serve as the e-auction service provider for conducting auctions of coal and coal products for CIL and its subsidiary companies.
This engagement follows an earlier announcement made on March 10, 2025. The new disclosure provides additional details in compliance with SEBI’s November 11, 2024 circular under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The contract covers 40% of the estimated work value and includes 166 auction events during the contract period. MSTC clarified that the order has been awarded by a domestic entity and involves the provision of e-auction services for coal products in the Indian market.
The company further confirmed that there is no involvement of its promoter, promoter group, or group companies in Coal India Limited, and the transaction does not qualify as a related party transaction.
This order reinforces MSTC’s role as a key digital auction facilitator for major government enterprises, strengthening its long-standing partnership with Coal India.
