Government-owned e-commerce service provider MSTC aims to expand its offering to private players and has partnered with companies such as Reliance Industries, Tata Power, Vedanta and Larsen & Toubro (L&T).
The company believes that the current financial year will remain volatile and that it will have to develop smart ways to meet new challenges.
“MSTC is also striving to tap into the untapped potential of the private sector, in addition to trying to retain government and PSU business,” the company’s chairman and CEO, Surinder Kumar Gupta, said in the report. annual 2021-22.
”…digital transformation is an integral part and will play a key role in the development of the organization in the near future. We are also taking various steps to ensure that we remain well positioned to seize the opportunity with both hands as the same comes our way,’ Gupta said.
The company said it has become a major standalone e-commerce service provider in the country. With its foray into new and diverse business areas, including the Centre’s flagship projects, it has immense potential for growth in this area.
The PSU, through a public-private partnership (PPP) model via a joint venture, is spearheading initiatives in the end-of-life vehicle (ELV) sector.
The company said it is also looking at opportunities to foray into other areas of the recycling space as a step towards the circular economy.
MSTC is a mini ratna public sector unit (PSU) under the administrative control of the Ministry of Steel. It is a designated agency for allocating coal blocks and all major mineral blocks in the country through its e-commerce portal.
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