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MSTC NEWS

MSTC to conduct auction of 132 coal blocks this month; suggests bidders read all notifications

January 10, 2023 2:59 pm

MSTC, under the Ministry of Steel, conducts e-auction of various materials and minerals and mines.

Shell companies also in the fray for coal blocks, especially easily accessible ones

February 09, 2015 4:53 am

The bids by them are restricted to the easily accessible mines like those connected by railways and whose coal reserves are large but explored.

Gold export scam: six remanded in CBI custody

November 27, 2010 2:11 am

The anti-corruption wing of CBI on Friday arrested six persons,including a chairman and a former director of a co-operative bank,for their alleged involvement in a Rs 480-crore scam related to export of gold through MSTC Ltd.

Cooperative bank chairman in Rs 500 cr hawala racket: CBI

November 02, 2010 6:49 pm

CBI has unearthed a hawala racket allegedly involving a chairman of a Mumbai-based cooperative bank who has been accused by the agency of duping the Mineral Scrap Trading Corporation (MSTC) of about Rs 500 crore in connivance with gold exporters.

CBI to probe into Rs 600 crore gold export deals

August 26, 2009 9:27 am

Little-known state-run mini ratna Mineral Sales Trading Corporation (MSTC) has bungled on payments of about Rs 600 crore to domestic players after having exported gold procured from them to Dubai in 2008-09.