MSTC Limited has announced that it has emerged as the L1 bidder for a tender hosted by Coal India Limited on the GeM portal. The contract involves the appointment of an External Service Provider for conducting Linkage Auctions for the Non-Regulated Sector (NRS). This agreement is scheduled to remain valid for a period of three years.

The company secured this position following a competitive bidding process for the Coal India tender. Under this three-year engagement, MSTC will provide e-auction services to facilitate the online auction of coal and coal products for Coal India and its various subsidiaries. The exact consideration amount or size of the contract has not been quantified at this stage.

MSTC Limited is a Mini Ratna Category-I Central Public Sector Undertaking under the Ministry of Steel, specializing in diversified e-commerce services including e-auctions and e-procurement. In recent 2025 updates, the company successfully completed the disinvestment of its subsidiary, Ferro Scrap Nigam Limited (FSNL), to Konoike Transport Co. Ltd for ₹320 crores in January 2025. Additionally, in early 2025, the company received bids for 22 coal blocks during the 13th and 14th rounds of commercial coal block auctions and handled iron ore sales valued at ₹1,500 crores for NMDC Limited.

For the quarter ended December 31, 2025 (Q3 FY2025-26), MSTC reported a consolidated revenue of ₹106.71 crores, representing a 4.31% increase from the previous quarter but a 71.29% decline compared to the same period in 2024. The net profit for the same quarter stood at ₹51.37 crores, showing an 8.15% growth over the preceding quarter but a 79.52% drop year-on-year. Notable institutional investors as of 2025 include Jupiter India Fund (1.72%), ValueQuest Capital LLP (1.08%), and The New India Assurance Company Limited (0.88%).