Business Daily from THE HINDU group of publications
Thursday, May 29, 2008
ePaper | Mobile/PDA Version | Audio
News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

 Industry & Economy - Coal
Corporate - E-Commerce & E-Business
MSTC in pact with Coal India

Kolkata, May 27

MSTC Ltd will act as a service provider for Coal India Ltd's e-tendering and reverse auction services. CIL and MSTC have recently entered into a firm agreement in this regard. CIL is estimated to procure equipment, consumables, spare parts and others worth approximately Rs 3,400 crore during the first year of e-procurement in 2008-09.

According to a CIL press release, MSTC was selected as service provider through a competitive bidding process. As part of its bid to introduce a more transparent and efficient procurement system, the coal major already entered into integrity pacts with its vendors. The initiative may help avoid delays in large-scale global procurement for all its contracts. - Our Bureau

More Stories on : Coal | E-Commerce & E-Business

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
ICICI Bank to offer investment services for high networth clients

Reliance Money to offer financial services to HK, China investors
Rising prices of commodities lead to review of policies
Renewed campaign to save tropical forests
Steps likely to improve service tax compliance
Infosys completes deployment of patient management tool
Talks on compensation package for oil cos soon
RBI caps spreads on oil bonds at 25 bps
Australian firms looking to export iron ore to India
Update steel cost index, urge builders
MSTC in pact with Coal India
EchoStar, AT&T exploring Indian DTH market
10th standard results on Airtel
SMOT biz school tie-up
‘Central varsity to come up in Vizag’
New age entrepreneurs have big crush for vintage cars
PVP group co to promote township in Chennai
Australian firms looking to export iron ore to India


Smartbuy
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line