Introduction:
Leading smallcap e-auction service provider has secured a significant contract from Coal India Limited to conduct e-auctions for coal and coal products over two years, covering 40% of the estimated work value, totaling 166 auction events during the contract period.
Share price movement of MSTC:
On March 24, 2025, MSTC Ltd opened at ₹520.00, up 0.99% from its previous close of ₹514.85. The stock reached a high of ₹548.85 (6.61%) and a low of ₹520.00. By 12:31 PM, it traded at ₹535.85, a 4.08% increase, with a market cap of ₹3,772.38 crore.
MSTC Secures E-Auction Contract from Coal India:
MSTC Limited has secured a significant work order from Coal India Limited to serve as an e-auction service provider for coal and coal products. The contract, awarded for two years, covers 40% of the estimated work value, totaling 166 auction events.
The work order, granted by a domestic entity, aligns with MSTC’s expertise in e-auction services. The company will facilitate transparent and efficient coal auctions for Coal India and its subsidiaries, strengthening its position in the e-commerce and auction services sector.
MSTC confirmed that its promoter group holds no interest in Coal India, ensuring an arm’s-length transaction. This development highlights MSTC’s continued role in digitizing coal trade and reinforces its collaboration with key public sector enterprises in India.
Recent news on MSTC:
As of February 28, 2025, MSTC Ltd received a ₹105.55-crore demand notice from the Income Tax Department for AY 2019-20. The company plans to challenge the assessment and file an appeal before the Commissioner of Income Tax (Appeals), Kolkata.
Stock performance of MSTC for Period of 1 week, 6 months, and 1 year:
MSTC Ltd surged 16.0% in the past week but faced a 24.2% decline over six months and a steep 40.1% drop over the year, reflecting volatility despite short-term gains in the stock’s performance.
Also Read: Finance service stock jumps 20% after it sets record date for ₹9 dividend
Shareholding pattern of MSTC:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 64.80% | 64.80% | 64.80% |
| FII | 6.20% | 6.20% | 5.80% |
| DII | 2% | 1.60% | 1.90% |
| Public | 27.40% | 27.40% | 27.60% |
About MSTC:
MSTC Ltd (NSE: MSTCLTD), a government-owned entity, specializes in trading, e-commerce, and scrap disposal. It handles ferrous and non-ferrous scrap, surplus stores, minerals, and agricultural products, playing a key role in resource management and online auction services in India.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
