Mstc

Cero plans to set up at least 100 vehicle scrapping centers by 2025

"By 2025, the target is clear that we need to be in more than 100 cities," said Cero's director

MSTC to auction 132 coal blocks; suggests bidders to read all notifications

Auction of as many as 132 coal mines will be conducted this month under the sixth tranche in states including Odisha, Jharkhand, Chhattisgarh, West Bengal among others, according to MSTC CMD Surinder Kumar Gupta. MSTC, under the Ministry of Steel, conducts e-auction of various materials and minerals and mines. This will be the sixth tranche of auction under which a total of 141 blocks, including 132 coal and nine lignite mines will be put on the block, he told PTI. The CMD clarified that MSTC only conducts auctions as per the list of coal mines and relevant notifications provided by the Coal Ministry and suggested bidders to read all bid-related notifications. "MSTC is in no way involved in any policy making process... As provided by the Coal Ministry...a National Green Tribunal (NGT) order dated 27.2.2020... has been uploaded in the auction portal. All the bidders are suggested to check all the notifications uploaded in our portal including the NGT order," he said. There are 133

BSNL lists 13 properties on MSTC website for auction in five states

State-run telecom firm BSNL has partnered with MSTC to auction 13 surplus properties situated at prime locations in five states, the company said on Monday. The company has invited bids by December 5 for sale of 13 properties in Andhra Pradesh, Madhya Pradesh, Gujarat, Telangana and Uttar Pradesh, BSNL said in a statement. "BSNL has entered into an agreement with MSTC for online sale of properties through MSTC portal," the public sector telecom firm said. Loss-making BSNL had identified 14 properties worth Rs 20,160 crore and submitted the list for sale to the Department of Investment and Public Asset Management (DIPAM) as part of the telecom corporation's ambitious asset monetisation plans. In October 2019, the government had approved a Rs 69,000-crore revival package for BSNL and MTNL that includes merging the two loss-making firms, monetising their assets and giving VRS to employees so that the combined entity turns profitable in two years. "BSNL owns various land and building

MSTC eyes e-commerce biz; ties with Reliance, Vedanta, Tata Power, others

Government-owned e-commerce service provider MSTC aims to expand its offering for private players and has tied up with firms like Reliance Industries, Tata Power, Vedanta, and Larsen & Toubro (L&T). The company believes that the current financial year will remain volatile and it would need to develop smart ways to tackle new challenges. "MSTC is endeavouring to harness the untapped potential in the private sector also, besides trying to retain the government and PSU business," company's chairman and managing director Surinder Kumar Gupta said in the annual report 2021-22. "...digital transformation is an integral part and play a key role in the development of the organisation in the near future. We are also taking various steps to ensure that we remain well placed to take the opportunity with both hands as and when the same comes in our path," Gupta said. The company said that it has emerged as a major standalone e-commerce service provider in the country. With its foray into .

Coal India to launch its own e-auction platform, asks bidders to register

Coal India Ltd is set to launch its own e-auction platform, and the mining major has informed new and existing bidders to register on the portal, a top company official said. At present, the e-auction portal is managed by mjunction and state-owned MSTC Ltd. E-auction sales account for around 120 million tonnes annually for Coal India, while the rest is sold through fuel supply agreements and other special sales windows. The miner's dedicated e-auction portal has been developed by National Informatics Centre and supported by CIL subsidiary Central Mine Planning & Design Institute Ltd. "We expect to commence in-house coal e-auction in the next six months. Let the auction happen with volume, and then we will come to know about the cost benefits," the official told PTI. E-auction of Coal India is executed in a 60:40 ratio between mjunction and MSTC. "We value Coal India's decision. We had designed, developed and introduced the e-auction 15 years ago, and are still carrying on with th

Govt receives Rs 888 crore as dividend from NALCO, BPCL, MSTC

The government has received Rs 888 crore as dividend from three CPSEs, DIPAM Secretary Tuhin Kanta Pandey said on Wednesday.

Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

MSTC's stock has been in a consolidation phase for quite some time maintaining the base near 255 levels and currently has given a bullish candle pattern in the daily chart

MSTC hits new high on the back of heavy volumes; zooms 92% thus far in 2021

The stock hit a record high of Rs 314.65, up 19% on the BSE, in the intra-day trade today

MSTC hits record high on heavy volumes; zooms 61% in thus far in January

Nearly 2.9 million equity shares, representing 4.1 per cent of total equity of MSTC, had changed hands on the NSE and BSE till 03:18 pm

DoT considering two spectrum bids in 2021, may include 5G in second half

The licences for some of the 4G spectrum held by telecom companies (telcos) expire next year

DoT sets stage for spectrum auctions this year; MSTC selected as auctioneer

Given the high possibility of operators shying away from participation, the DoT is yet to decide on including the premium 5G spectrum in the tender.

MSTC, Mishra Dhatu Nigam, IRCTC hit new highs, surge over 20% in a week

MIDHANI has zoomed 51 per cent in the past six trading days after reporting a more than three-fold jump in its December quarter net profit

MSTC stock zooms 20% after L&T appoints the firm as its selling agent

The stock has more than doubled from its recent low price of Rs 70, touched on August 14 in the intra-day deal.

Low demand extends MSTC IPO closing; QIB segment subscribed only 79%

Demand shortfall in one category can be met from the excess demand in other categories

MSTC's Rs 226-crore IPO subscribed 12% on second day of bidding

MSTC offers a discount of Rs 5.5 a share on the allotment price to the retail investors

MSTC Initial Public Offering subscribed 5% on Day 1, offer open till Friday

MSTC offers a discount of Rs 5.5 per share on the allotment price to retail investors

MSTC plans to raise Rs 226 crore at the upper band through IPO

MSTC will offer a discount of Rs 5.5 per share on the allotment price to retail investors. At the upper end of the price band, the IPO size would be Rs 226 crore

State-run MSTC plans to raise Rs 226 crore through initial public offering

The company has fixed the price band of Rs 121128, and has proposed to offload 1.76 crore shares or 25 percent of total paid-up equity, through the initial stake sale

MSTC mulls 10% fresh equity issue after govt plan to dilute 25% stake

MSTC has been expanding its areas of e-commerce and online auction, including ferrous and non-ferrous materials. It is also holding e-auctions for mines as well as agri-products

MSTC set to launch forward trading in niche horticulture products

The government owned mini-ratna MSTC Ltd is planning to launch forward trading in niche horticulture products to support its recently launched nationwide electronic portal - eRaKAM.The online trading platform which primarily deals in foodgrains, vegetables, fruits, spices and all agriculture related commodities and connects farmers directly with consumers, is all set to launch forward trading in pineapple and mango among a number of other such commodities to make the platform successful. The Union Food Minister Ram Vilas Paswan, had last week said that around 2 million tonnes of pulses procured by the Food Corporation of India (FCI), would be auctioned on eRaKAM to begin with.MSTC, however, does not feel the need to get a regulatory approval for launching the forward trading as it is proposing it in horticulture commodities speciallly perishable commodities which are not traded in futures segment. It may be mentioned here that the markets regulator the Securities and Exchange Board of