Engineers India has appointed MSTC as the selling agent as per the terms of Selling Agency Agreement entered by both the parties on January 15, 2020. The agreement is for disposal of Movable/immovable Items and all surplus Condemned/Scrap/ Obsolete material and secondary arising (ferrous and non- ferrous) as well as equipment, plant, machineries, properties, precious metals and misc. Articles etc. through MSTC’s Auction website.
The agreement will remain valid till either party terminates the agreement by giving advance notice of 3 months to the other party.
MSTC is a Mini Ratna Category-I PSU under the administrative control of the Ministry of Steel, Government of India.