MSTC Secures Two-Year E-Auction Contract from Coal India

MSTC Limited has received a significant work order from Coal India Limited (CIL) to serve as the e-auction service provider for coal and coal products. The contract, spanning two years, will enable MSTC to conduct digital auctions for CIL and its subsidiaries. This development comes on the heels of MSTC's strong financial performance in Q3 FY25, where it reported a 506% year-on-year increase in net profit to ₹250.9 crore. The company's shares responded positively to the news, trading 1.36% higher at ₹466.20 on the NSE as of March 21, 2025. This contract reinforces MSTC's position in the e-commerce services sector for the coal industry.

 

Source: Compiled from recent BSE filings, company announcements, and financial reports