MSTC LIMITED(A Govt Of India Enterprise)

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225-C, Acharya Jagadish Chandra Bose Road, Kolkata : 700020 (INDIA)
Tel : (+91-33) 2287-0568/2290 1004 FAX: (+-91-33) 2283 1002 / 2281 3089 |

S K Tripathi
Chairman and Managing Director, MSTC

MSTC Ltd. is a Mini Ratna Grade-I, Public Sector enterprise under Ministry of steel, Government of India and it was established on 11th day of September, 1964. It has its headquarters at Kolkata with network of offices throughout India. Its e-Commerce Division is ISO 9001:2008 Certified and Systems Department is ISO 27001:2005 certified which ensures Data Security as per IT Act 2000 and its Software Development Division has recently achieved the CMMI – Dev V1.3 (Maturity Level 3). It will be receiving STQC certification shortly from Department of Information Technology (DIT), Government of India which is mandatory for any e-procurement system. Our e-commerce portal (application software) is entered in the register of Copy Right.
MSTC’s main line of business is e-commerce comprising e-auction-sales and e-procurements.
Selling agency is an activity which has been undertaken by MSTC for the sale of condemned items, obsolete items, scrap, any surplus stocks, plant & machinery and it is conducted in an electronic mode. Earlier, it was being done in physical mode-physical auctions were conducted. Now it is being done in the electronic mode using MSTC’s e-auction portal where an e-auction platform is provided for both buyer and seller to transact the business in a transparent way with all fairness.
MSTC disposes old/used/ waste/ scrap materials on behalf of its principals /sellers on the basis of a bilateral agreement. The principals are PSU’s, government depts. and also some private sectors. Services are mainly rendered by three modes such as tender/e-auctions/auction. Uniform, equal, transparent dealings are done by standard operating procedures.
e-Sale, basically, is the e-auction of prime products for principals who want to sell their products of large quantity in an electronic mode through MSTC’s portal. We have a unique method of sale for such product of homogenous in nature – “Quantity and Price” sale. The interested purchaser can choose the quantity he wishes to purchase and the price (Equal or more than the Floor Price) at which he wishes to buy. Allocation is made based on set of rules which is electronically programmed.
e-Procurement applies user friendly e-Commerce technology to simplify and streamline the purchase process and to integrate the buyers and the suppliers in the business processes. e-Procurement and e-Sales is an internet enabled system which enables MSTC to conduct procurement transactions through internet. MSTC has designed and set up its own e-procurement portal with technical collaboration with IBM. MSTC also has a disaster recovery site at Mumbai.
Area where MSTC is making great headway is ore (iron, chrome and manganese) forest produce, agro products like tea, pulses, timber, tendu leaves auction, human hair, Coal, Lignites, Barytes, Parcel Land, Raw Petro Coke, NPAs, auction.
MSTC also has trade division which largely undertakes import and export of carbon steel melting scrap, finished steel/coal/coke as also other non-traditional items like SKO, Naptha etc. MSTC provides trade finance for procurement of such raw materials in bulk for the industries. Our key principals are PMOs office, Rastrapati Bhawan, Government of Andhra Pradesh, Power Sectors, Oil sectors, BSNL, Nuclear Power Corporation, BHEL, NALCO, HAL etc

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