Deals21 Mar 2025, 10:50 pm
MSTC Ltd Secures Two-Year E-Auction Contract from Coal India Limited
AI Summary
MSTC Ltd has been awarded a work order by Coal India Limited to act as an E-auction Service Provider for conducting e-auction of coal and coal products for a period of two years. The contract is for 40% of the estimated work value, covering approximately 166 events during the contract period. There is no related party transaction involved, and the promoter/promoter group/group companies do not have any interest in the entity that awarded the order/contract.
Key Highlights
- MSTC Ltd received a two-year work order from Coal India Limited as an E-auction Service Provider.
- The contract covers 40% of the estimated work value, equivalent to approximately 166 events during the contract period.
- No related party transactions are involved in this contract.
- The promoter/promoter group/group companies have no interest in the entity that awarded the order/contract.