MSTC Limited is a public sector undertaking (PSU) that operates in the fields of e-commerce, trading, and recycling. It was incorporated in 1964 and is headquartered in Kolkata, India.
MSTC Limited conducts e-auctions for various commodities and assets such as coal, iron ore, metals, scrap, machinery, and vehicles on behalf of various government organizations and private clients. These e-auctions are conducted through its online platform called "MSTC Metal Mandi" and provide a transparent, efficient, and convenient way of trading and disposal of assets.
MSTC Limited is a Mini Ratna Category-I PSU that reports to the Ministry of Steel, Government of India. All Current and Upcoming Auctions on e-Auctions.
What is e-Auctions | MSTC Limited
Following that, auctions are held on predetermined dates and times. Some of our system's distinguishing features include: Permanent registration of coal buyers ensures that information about upcoming sale events is made available.
How to use MSTC Limited E-Auction Services
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Register: Visit the MSTC Limited website and register as a buyer or seller by providing the required information such as name, email address, contact details, and business details.
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Bidder Enrollment: After registration, the bidder needs to enroll in the specific auction by paying the registration fee, which varies from auction to auction.
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View Auction Catalogue: Once enrolled, you can view the auction catalogue and select the items that you want to bid for. You can view the details of the items, including the product specification, location, quantity, and other relevant information.
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Place Bid: After selecting the item, you can place your bid on the online platform by entering the bid amount. You can also revise your bid before the bidding window closes.
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Auction Result: Once the auction is completed, the auction results will be published on the platform. If you win the bid, you will need to pay the required amount and collect the item within the stipulated time.
ForthComing Eauctions: https://www.mstcindia.co.in/content/Forthcoming_e_Auctions_for_All_regions.aspx and http://www.mstcindia.in/content/Forthcoming_e_Auctions_For_All_regions.aspx#auctionsection
Asansol Durgapur Development Authority (ADDA) through the NIC portal https://eauction.in from the year 2015 onwards.
As per the Land Allotment Policy of the Government, ADDA may auction land for various purposes such as residential, commercial, and industrial use. The e-auction process ensures transparency and fair competition among bidders.
To participate in the e-auction, interested bidders need to register on the NIC portal and provide the required details such as name, address, contact details, and business details. After successful registration, the bidder can view the details of the land, including the location, size, and other relevant information.
During the e-auction process, the bidder can place bids on the land of their choice. The bidder with the highest bid amount is declared as the winner of the auction, subject to the approval of ADDA.
After the auction is completed, the winner needs to pay the required amount as per the terms and conditions of the auction and fulfill other obligations such as getting the necessary approvals and completing the construction within the stipulated time.
