About MSTC Limited

MSTC Limited is a Miniratna Category-I Central Public Sector Enterprise incorporated on September 9, 1964, headquartered at New Town, Kolkata, with equity shares listed on BSE and NSE since March 29, 2019, and operates primarily through two divisions: e-Commerce and Marketing. MSTC provides e-auction, e-tender, and e-reverse auction services for disposal and procurement across sectors, handling ferrous/non-ferrous scrap, surplus stores, minerals, agri and forest produce, and conducts coal auctions for Coal India and Singareni, along with bespoke platforms for various ministries and PSUs. The company reported standalone total income of Rs 387.50 crore in FY 2024–25. MSTC maintained robust IT infrastructure with ISO 27001:2022 and ISO 9001:2015 certifications, redundant DC/DR sites, and STQC-certified platforms enabling secure, high-volume national auctions and e-procurement services for over 2,24,000 clients. The company had one joint venture, Mahindra MSTC Recycling Pvt. Ltd. (MMRPL), a 50:50 JV operating six Registered Vehicle Scrapping Facilities and 34 collection centres; its former subsidiary Ferro Scrap Nigam Limited (FSNL) ceased to be a subsidiary on January 21, 2025 following strategic disinvestment to Konoike Transport Co. Ltd..

MSTC Limited Business Segment

• The company’s operations are organised into two operational divisions: e-Commerce (including e-auctions/e-procurement platforms and bespoke portals) and Marketing (trading of industrial raw materials such as scrap, coke, coils, crude, coal, etc.), as described in the General Information and operations sections of the Annual Report.

• Percentage contribution to revenue by segment/vertical is not disclosed in the report; therefore, this subsection is skipped as per instructions.

MSTC Limited Key Management

• Manobendra Ghoshal — Chairman and Managing Director.

• Bhanu Kumar — Director (Commercial).

• Subrata Sarkar — Director (Finance) and CFO.

• Ajay Kumar Rai — Company Secretary and Compliance Officer.

• Sudershan Mendiratta — Government Nominee Director (appointed June 12, 2025, by Ministry of Steel).

Latest Updates on MSTC Limited

• Strategic disinvestment of subsidiary FSNL completed; entire shareholding transferred to Konoike Transport Co. Ltd. on January 21, 2025 pursuant to SPA dated October 24, 2024; FSNL ceased to be a subsidiary from that date.

• Coal and minerals auctions expanded: 18 coal blocks allotted for commercial mining in FY 2024–25; 77 major mineral blocks allotted for States; Tranche 1 of offshore mineral block auction launched under an agreement with the Ministry of Mines.

• National auction mandates secured: e-auctions for 730 FM channels across 234 cities for the Ministry of Information and Broadcasting; 5G spectrum auction conducted for the Department of Telecommunications.

• New platforms launched: MSTC Realty Auction Portal launched on January 15, 2025 for end-to-end property auctions; EXIM bidding portal delivered to IOCL and fully operational; Steel Import Monitoring System (SIMS) 2.0 developed and launched on July 22, 2024 for the Ministry of Steel.

• Sectoral solutions progressed: e-auction platform for timber for Chhattisgarh Forest Department; e-commerce solutions for critical minerals, exploration licences, coal gasification, and allotment of offshore mineral blocks.

• Key commercial arrangements: Selling Agency agreement signed with BPCL Marketing for e-auction of scrap materials; MSTC invited to support UDAN 5.5 bid process; first-stage bid submission for 11th tranche of coal block auction completed.

• Governance changes: Appointment of Government Nominee and three Non-Official Independent Directors in April–May 2025; Board committees reconstituted from April 16, 2025 and further on May 29, 2025 after prior gaps due to Independent Director vacancies in late 2024–March 2025 as noted in Secretarial Audit.