2c3.Common_MSTC

• MSTC


  MSTC Limited or Miniratna Category-I PSU, regulated under the Ministry of Steel, Government of India, is also the company's majority shareholder (holds 64.75% shares)
• MSTC


  MSTC was established as "Metal Scrap Trade Corporation Limited" as per the provisions of the Companies Act, 1956 and was later changed to MSTC Limited as per the special resolution passed by the shareholders
• MSTC


  • Leading Public Sector Undertaking (PSU) enterprise involved in e-commerce-linked services and the progress of personalised solutions
  • These solutions are also included in the MSTC e-waste auction
• MSTC e-waste auction


  1. Put only a selected number of items on auction

  2. Items can be offered on a regular and sustained basis

  3. Initiate a drive to register actual buyers of the item for permanent registration

  4. Advance notice of selling events is sent by e-mail to the registered customers

  5. Auctions are after that held on pre-announced dates and times
• MSTC e-waste auction


  • Permanent registration - MSTC provides permanent registration to the bidders to ensure that information about approaching sale procedures is communicated
  • Before the auction begins, the principle (stakeholder) provides either a floor price or reserve price to the system
  • If the highest price surpasses the floor or reserve price, an automatic sale warning letter is issued by the system without any manual interference
  • The auction stays beyond the postulated closing hours until no bid is established for a definite period (5 to 8 minutes, depending upon the item)
• Types of products/materials included in the MSTC e-waste auction

  • Waste Electrical and Electronic Equipment (WEEE)
  • Coal, petcock, lignite
  • Agricultural and horticultural produce
  • Customs confiscated goods
  • Scrap and surplus items
  • Minerals like manganese ore, iron ore, chrome ore, etc.
  • Coal mine block
  • Forest produces timber, sandalwood, red sandal, tendu leaves, etc.
  • Major and minor mineral blocks
  • Moveable and immovable properties
• BSNL has signed the agreement with MSTC for scrap of pan-India unserviceable/obsolete items through e-auction process on www.mstcecommerce.com