Government departments to e-auction their scrap

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Follow us:WhatsappFacebookTwitterTelegram.cls-1{fill:#4d4d4d;}.cls-2{fill:#fff;}Google NewsThe state government entered into a tie up with the MSTC Ltd, a public sector enterprise, for e-auctioning of scrap materials of all the state government- run bodies.The Information Technology department has reportedly inked an MoU with the MSTC.The government issued orders on Thursday directing all the departments, PSUs and local bodies to utilise the e-auction services provided by the MSTC from September 1.“This will bring more transparency in the auctioning process,” a government source said. The mini-ratna will provide the e-auction services for the sale of rejected, condemned and obsolete materials, machinery, ferrous and nonferrous materials.Also bio-degradable scrap like ores, forest and agricultural produce will also be auctioned. The purchase of machinery could also be done through the MSTC, which will charge 1.75 per cent of the total value of the transaction as service charge.first published:January 01, 1970, 05:30 ISTlast updated:January 01, 1970, 05:30 IST
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The state government entered into a tie up with the MSTC Ltd, a public sector enterprise, for e-auctioning of scrap materials of all the state government- run bodies.

The Information Technology department has reportedly inked an MoU with the MSTC.

The government issued orders on Thursday directing all the departments, PSUs and local bodies to utilise the e-auction services provided by the MSTC from September 1.

“This will bring more transparency in the auctioning process,” a government source said. The mini-ratna will provide the e-auction services for the sale of rejected, condemned and obsolete materials, machinery, ferrous and nonferrous materials.

Also bio-degradable scrap like ores, forest and agricultural produce will also be auctioned. The purchase of machinery could also be done through the MSTC, which will charge 1.75 per cent of the total value of the transaction as service charge.