MSTC Limited has emerged as the L1 bidder for a significant tender issued by Coal India Limited on the GEM portal. The contract involves providing comprehensive services for conducting Linkage Auctions for the Non-Regulated Sector (NRS) over a period of three years. This successful bid confirms MSTC’s continued role in facilitating crucial domestic auction services for the nation’s coal sector, solidifying its operational footprint.
MSTC Secures Key Contract with Coal India
MSTC Limited has announced that it has become the L1 bidder for a crucial tender released by Coal India Limited. The contract, announced on February 26, 2026, was hosted on the Government e-Marketplace (GEM) portal.
Contract Details and Scope
The primary objective of the contract is the Appointment of External Service Provider responsible for conducting Linkage Auction for the Non-Regulated sector (NRS). The scope of work involves providing the whole gamut of associated services for the NRS Linkage auction, starting from the initial conducting of the auction through to the final execution of the agreement, utilizing the MSTC platform.
Key Terms of the Awarded Contract:
- Awarding Entity: Coal India Limited (A Domestic entity).
- Duration: The agreement is set to remain valid for a period of three years.
- Consideration: The broad consideration or size of the order/contract could not be quantified at this initial stage.
- Transaction Nature: The transaction is Domestic and does not fall within the definition of related party transactions, ensuring it is executed at an “arm’s length” basis.
The Company Secretary & Compliance Officer, Ajay Kumar Rai, confirmed that neither the promoter group nor group companies hold any interest in the entity that awarded this substantial contract.
Source: BSE
