Mini Ratna stock, MSTC Ltd shares rise over 5%; secures order from CIL

New Delhi: Coal India has awarded a two-year work order to Mini-ratna Stock, MSTC Limited to function as an E-auction Service Provider for coal and coal products.

MSTC Limited provides e-commerce-related services across varied sectors. A domestic firm won the contract for offering e-auction services covers 40 per cent of the projected work value (166 events).

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Comparatively to its previous closing price of Rs. 514.85 per share, the shares of MSTC Limited soared up to 5.7 per cent and had a High of Rs. 544.40 per share. The business has set a Board Meeting for March 26, 2025 to review the announcement of the third interim dividend for FY 2024-25.

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MSTC Limited is a public sector enterprise under the Ministry of Steel, Government of India. It specializes in e-commerce services, particularly for metal scrap, coal, and other materials. MSTC provides e-auction and digital platforms to facilitate transparent and efficient trading in various sectors. The company also offers services related to project consultancy and recycling of materials.

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