Metal Scrap Trade Corporation Limited or MSTC Limited has established itself as a leading public sector facilitator for e-Auction and e-Procurement and a trendsetter for the e-auction segment in the country. MSTC has two major segments of operation, E-Commerce and Trading. MSTC’s e-auction portal helps buyer organisations and tendering authorities float e-tenders on their customised e-tendering platforms. Interested bidders and vendors can participate in these events only after registration with the MSTC. These e-auctions include ferrous and non-ferrous scrap, e-waste, machines and vehicle scraps. Once MSTC obtains customers, it enters into a ‘selling agency’ agreement with the principle. After that, it starts the process of registering the bidders. Advance notice of selling events is sent by e-mail to the registered bidders. Auctions are held on a specified date and time. In some auctions, the bidders have to deposit the pre-bid EMD before the commencement of the bid to become eligible to participate in the bidding process. In most auctions for general scrap items, the EMD amount is paid only by the successful bidders within a stipulated time after the bidding is completed.