MSTC entering into Fintech and Data Centre.
Will here also they enjoy the monopoly through Central Government, a key thing to watch…
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Hello
Can you reupload the writeup the link has expired
Let me know if this link works. Thanks
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I wonder what will be the role of MSTC in data center ?
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MSTC is proposed to be entering into Data Centre and Fintech which makes his Industry a bigger as compared earlier E commerce.
EXPLANATORY STATEMENT
(PURSUANT SECTION 102 OF THE COMPANIES ACT, 2013)
Setting out all the material facts relating to the Special Business in the Notice:
ITEM 1: ALTERATION IN OBJECTS CLAUSE OF THE MEMORANDUM OF ASSOCIATION OF
THE COMPANY
Existing Memorandum of Association (MoA) of MSTC Limited was approved by the shareholders in
their Extra-ordinary General Meeting held on 26th December, 2018. Since then MSTC Limited has
diversified its business portfolio and emerged as a multi-product and a multi-functional organization.
Presently, MSTC Limited is primarily engaged in providing e-commerce related services across
diversified industry segment offering e-auction/e-sale, e-procurement services and development of
customized software/solutions. MSTC Limited also has plans to further diversify its business by
entering into new segment/field of E-Commerce, Fintech, Data center and Re-cycling business.
Accordingly, it is felt desirable that the Object clause of Memorandum of Association of MSTC Limited
needs to contain more pertinent clause which provides fair and clear scope of various business
carried out by the company and the changes will also make the charter documents comprehensive
and enabling. Certain new activities are proposed to be added/ inserted and certain changes to the
existing clauses are being proposed in the Main object [III-A] clause as well as in the Objects
Incidental or Auxiliary to the Attainment of the Main Objects [III-B].
Pursuant to the approval of the Government of India through the Ministry of Steel vide its letter no. S-31021/20/2023-MFH dated 4th March, 2024, the Board of Directors of your company in its meeting
held on 15th March, 2024 have approved for alteration in the Object Clause of Memorandum of
MSTC Postal Ballot Notice.pdf (784.8 KB)
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hey any update what is happening with the stock?
Quant ELSS tax saver growth MF has enter MSTC in May 2024 after Motilal Oswal fund which seems MF’s are entering in the E commerce business
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Hi which website is this from? Thanks
This looks like from Trendlyne.
Hope it helps.
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Its from Trendlyne software
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MSTC discussed by Prof. Sanjay Bakshi
Please watch the timeline from 43 minutes onwards.
I hope this helps.
dr.vikas
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Recently Mr Gadkari also spoke about incentivising scrapping old vehicles by giving discount on purchase of new. That should help. We Indians can’t resist a discount, can we? 
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Extract of Annual Report 2024 :
SOME OF THE MAJOR OPPORTUNITIES MSTC IS PURSUING:
1.The recent initiative of the Government for sale of mineral blocks, both major and minor, through e-auction has also opened window of opportunity for MSTC and it has signed agreement with most of the State Governments which may
yield positive results to the revenue of MSTC.
2.MSTC is exploring e-auction of sand mining block in other states in line with Uttar Pradesh model.
3.The successful portals for EXIM products for IOCL and ONGC has paved way for development of such portal for other OMC’s both public and private.
4.Circular Economy: MSTC is exploring new areas of business in recycling sector like ferrous material/ Aircraft / e-Waste / Textile Recycling/ Other Hazardous Waste, etc.
5.Efforts towards R&D: We are in the process of framing Start-up policy for onboarding start-up companies for R&D as well as utilising emerging technologies / opportunities.
MSTC has been conducting regular auction for moveable and immovable assets as NPAs for Government as well as private companies. Looking forward MSTC intends to offer more upstream and down stream services with extensive use of latest technology.
MSTC is casting more focus on the untapped e-Commerce business from the private sector and in this context MSTC has signed big ticket agreements with Reliance Industries, Indus Tower, Tata Power, Vedanta, Jindal Power Ltd. etc. to name
a few
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M/s. Konoike Transport Co. Ltd. is approved as Strategic Buyer for disinvestment of FSNL, a 100% subsidiary of MSTC for Rs.320 cr.
0640b9ef-584b-4d32-aedf-68fbc4360eb9.pdf (1.7 MB)
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Thanks for sharing all the updates. Really appreciate it!
A few questions:
- FSNL revenue will be gone, the ~1100Cr cash that the business has will go to ~1400 Cr. There was no concerete answer from the management around how they are trying to replenish the revenue deficit here & what is their plan to utilize all that idle cash.
- After Coal India started doing their own auction, other major clients (or group of clients) can also do the same. Management also agreed that there is a lot of competition coming from private players. Is their moat kind of weakened? Do we still see MSTC has kind of monopolly business as we thought it had? If yes, why?
- With the vehicle scrapping policy being implemented, even after 6 years of the MSTC & M&M joint venture is not showing any traction. Do we know why? & when do we think this will start contributing to the topline & bottomline?
- The new initiatives that they are talking about, how much time will it take for them to materialize?
- After thinking about all the above things, what do we think about current 23-24 multiple? Does the near-mid term growth support that?
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