Latest news with #MSTC
Business Standard
5 hours ago
- Business
- Business Standard
MSTC consolidated net profit rises 7.85% in the June 2025 quarter
Sales rise 12.15% to Rs 77.43 croreNet profit of MSTC rose 7.85% to Rs 42.34 crore in the quarter ended June 2025 as against Rs 39.26 crore during the previous quarter ended June 2024. Sales rose 12.15% to Rs 77.43 crore in the quarter ended June 2025 as against Rs 69.04 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 12 OPM %56.4056.07 -PBDT59.9055.59 8 PBT57.6553.28 8 NP42.3439.26 8 Powered by Capital Market - Live News
Business Standard
5 hours ago
- Business
- Business Standard
MSTC standalone net profit rises 9.54% in the June 2025 quarter
Sales rise 12.15% to Rs 77.43 crore Net profit of MSTC rose 9.54% to Rs 44.32 crore in the quarter ended June 2025 as against Rs 40.46 crore during the previous quarter ended June 2024. Sales rose 12.15% to Rs 77.43 crore in the quarter ended June 2025 as against Rs 69.04 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 77.4369.04 12 OPM % 58.9657.82 - PBDT 61.8856.79 9 PBT 59.6354.48 9 NP 44.3240.46 10
Hans India
24-07-2025
- Business
- Hans India
Rajasthan tops the nation in major mineral block auctions
Jaipur: Rajasthan has achieved a historic milestone in the mining sector, emerging as the top state in the country in the auction of major mineral blocks. According to the auction provisions notified by the Central government in 2016, a total of 500 major mineral blocks have been allotted across India so far, out of which 103 - more than 20 per cent - have been allotted in Rajasthan alone. Remarkably, 64 of these were auctioned in the last 18 months during the current government's tenure. The state government is now actively working to bring these blocks into operation to boost investment, revenue generation, and employment opportunities. In line with the Chief Minister's vision, the state has adopted a zero-tolerance policy against illegal mining. The Mines Department has implemented a transparent and effective mechanism for exploration, block delineation, and timely auctions. Within three months of the new government assuming office, 15 blocks were auctioned via the MSTC portal, followed by a record 34 blocks in 2024-25. As of July 2025, 15 more blocks have already been auctioned, with the process for another 12 currently underway. Rajasthan has also recorded a sharp rise in royalty revenue, collecting Rs 9,228 crore in 2024-2025, 24 per cent more than the previous year, said officials. To fast-track the operationalisation of auctioned blocks, the Mines Department has launched a coordination platform in July involving key departments such as Revenue, Forest and Environment, the Indian Bureau of Mines, and the State Environment Impact Assessment Authority (SEIAA). A Post-Auction Facilitation Cell has also been set up to streamline administrative approvals. The department has set a target to operationalise 10 new mines by November-December this year. Rajasthan's auction model has also received national acclaim for its transparency and effectiveness. In January, the Union Ministry of Mines awarded Rajasthan the first prize for its outstanding performance in mineral block auctions at the Third Conference of State Mining Ministers held in Konark, Odisha. To date, 77 mining leases and 26 composite licenses have been issued, covering minerals like limestone (75 blocks), iron ore (11), base metals (5), manganese (3), gold (2), siliceous earth (4), potash (2), and garnet (1). With these developments, Rajasthan is fast emerging as a national leader in responsible and high-impact mining governance.
Time of India
16-06-2025
- Time of India
Lost & (rarely) found: Forgotten items pile up at airport
Chennai: A black waist belt, some currency notes, a bunch of keys, a pair of damaged gold earrings, and a women's watch with a silver strap were some of the many items lost, misplaced, forgotten, or, in some cases, willfully forefeited by passengers at Chennai airport until last Thursday. These items are now in the custody of the airport authority's materials management department, located just beside the T1 domestic terminal. They have each been tagged with unique identifying numbers and displayed on the AAI's official website under the lost-and-found category for the owners to reclaim. Despite this, the percentage of people reclaiming lost properties at Chennai airport is low. Statistics show a total of 17,769 items were logged as lost property in 2023, of which 5,275 were claimed. In 2024, the figure rose to 21,770, but only 5,744 items were reclaimed. Officials say bags top the list of lost items. The materials management department is in possession of more than 5,000 bags and trolleys of different sizes and shapes, mostly containing clothes and other items. These are followed by mobile phones (approximately 3,000) and wallets and purses (2,500). "Keys come next. There are about 10 laptops too in our possession," said AAI officials. The security personnel and contract workers who find the unclaimed valuables in the operational and city side of the terminals hand them over to the airport manager in the terminals. After three days, if the goods are still unclaimed, they are sent to the materials management wing. While some passengers willfully forefeit unnecessary goods to keep the check-in and hand luggage within permissible weight, others misplace valuable items while bidding adieu to their dear ones. The most tiring exercise for the AAI team is handling lost gold. "It is examined with a certified valuer to assess its worth, and it has to be kept in a safe," he said. A year later, the unclaimed items were auctioned through the MSTC portal. AAI Chennai generated 51 lakh just from the unclaimed gold in 2024. Airport authorities, however, do not see this as a wealth-generating exercise. "We ideally want the goods to reach their genuine owners. We have started dispatching lost passports to the respective passport kendras. We have placed QR codes at terminals to locate the materials management department on Google Maps too," said an official. "Also, there is no charge on this service unlike private airports," said another official.
Time of India
28-05-2025
- Business
- Time of India
Rajasthan RERA to e-auction attached properties, ropes in MSTC
JAIPUR : Rajasthan Real Estate Regulatory Authority (RERA) started the process for e-auctions of attached properties by roping in the MSTC Ltd, under the Ministry of Steel. The authority took the decision of using the e-auction software of MSTC, widely used by govt departments, as it seeks to enforce compliance and ensure timely recovery from defaulting real estate developers. The decision to engage MSTC on a contract basis was unanimously approved during the 21st meeting of the Authority on May 15. The auctions will be conducted in accordance with the Rajasthan Transparency in Public Procurement (RTPP) Rules. Advocate Mitesh Rathore stated, "Previously, recovery was treated as arrears of land revenue and required sending recovery certificates to the concerned collector, a process that was lengthy and cumbersome. With MSTC now on board, RERA can execute recoveries directly through streamlined e-auctions." This action will be taken under Section 40 of the Real Estate (Regulation and Development) Act, 2016, which empowers the authority and the adjudicating officer to recover penalties, interest, or compensation through mechanisms similar to the recovery of land revenue and civil court decrees. The minutes of the meeting state that Rules 25 and 26 of the Rajasthan RERA Rules, 2017, along with the 2024 Regulations, provide detailed procedures for executing orders passed by the authority and the adjudicating officer. "In cases of persistent non-compliance by promoters, attachment and auction of properties have become key enforcement tools. The authority has also approved the auction modalities, payment mechanisms, service charge structure, and system integration with the RERA 2.0 portal," the minutes read. The registrar has been directed to initiate necessary steps for executing the engagement and operationalising the auction process in coordination with MSTC. In the same meeting, RERA also approved a revised fee structure effective June 1, 2025. The standard registration fee for farm house schemes has been lowered to Rs 3 per sq metre of the total project area, which is lower than the fees for other project types. For comparison, residential, institutional, and industrial projects will continue to pay Rs 5 per sq metre for both registration and standard fees. Meanwhile, commercial and mixed-use projects will have a higher standard fee of Rs 10 per sq metre, with Rs 5 per sq metre as the registration fee.
