CMD MSTC Shri B B Singh called on Shri Deepak Kumar,IAS,Chief Secretary of Bihar on 06.05.2019

CMD with executives of MSTC Limited called on Acharya Balkrishna at Haridwar, Uttarakhand on 4th may 2019 in connection with offering e-Commerce Services to Patanjali Ayurved Ltd. 

published in KALEIDOSCOPE April, 2019 issue

MSTC developed software for Product Import e-tendering module with Reverse Auction platform for Indian Oil Corporation (IOCL)

The e-tendering module for import of petroleum products was formally launched by Director (Finance) in the presence of Chairman and Managing Director, MSTC. 

The e-portal is a tailor made one encompassing the Reverse Auction platform. Along with e-tendering, the revised GTC for import of petroleum products (CFR & FOB) has also been implemented enabling finalization of import e-tenders in a short duration of 3 to 7 hours (depending on tender delivery option(s)). 

While appreciating the combined efforts of CO (IT), COIS and MSTC in developing the portal, Director(Finance) described the introduction of e-tendering in petroleum product tenders as a path-breaking development with numerous benefits for IndianOil as well as the counter parties. He also emphasized the significance of system security and regular system audit to ensure the same. 

Few e-tenders have already been finalized by International Trade Department for petroleum product import through the portal, the first being finalized on April 23, 2019. E-tendering module for petroleum product exports is already in use since September 2017. 

ED (CF), ED (IT) and ED I/c (IS) were present on the occasion along with the participants from IT, BD (Gas), IS Departments and participants from MSTC.