MSTC’s Q2 auctions included Rs 2,863 crore of Hyderabad land

MSTC Limited’s auction platform handled Rs 2,863 crore of Hyderabad residential, multi-purpose and stray-bit land in 2026-27 Q2, its largest disclosed business event for the quarter. MSTC also conducted Karnataka liquor-licence auctions, sold an ONGC oil rig for Rs 55.248083512 crore, and continued coal, mineral and chrome transactions.

What did MSTC auction in 2026-27 Q2?

MSTC auctioned Hyderabad land valued at Rs 2,863 crore on behalf of Telangana State Industrial Infrastructure Corporation Limited and Hyderabad Metropolitan Development Authority in 2026-27 Q2. The disclosed assets comprised residential land, multi-purpose land and stray bits, making the property mandate larger by value than the other individually quantified Q2 transactions in the presentation.

MSTC also partnered with the Excise Department of the Government of Karnataka to sell liquor-shop licences through e-auction. In the first tranche, bids were received for 125 CL2A liquor-shop and CL9A bar-and-restaurant licences combined, fetching approximately Rs 125 crore for the Karnataka Excise Department. The company separately said it successfully sold an oil rig for ONGC for Rs 55.248083512 crore.

How broad was MSTC’s auction activity during Q2?

MSTC’s Q2 activity extended from property and licensing to resource allocation and transport schemes. It conducted the first coal-gasification event for the Ministry of Coal, launched Round 6 of UDAN on its portal, and continued auctions of major and minor mineral blocks and sand blocks for the Government of India and state governments. Round 6 combined helicopters with Category 1, 2 and 3 fixed-wing aircraft.

The company also launched Tranche VIII of critical-mineral-block auctions, comprising 13 new blocks and seven old blocks. In commercial coal, MSTC said it successfully allocated seven blocks under Round 15 and launched Round 16 through its portal. These assignments show that the platform’s Q2 work covered asset sales, licence allocation, mining-block auctions and government programmes rather than a single asset class.

Which Q2 transactions carried the largest disclosed values?

Hyderabad land was MSTC’s largest disclosed Q2 transaction at Rs 2,863 crore, ahead of chrome at around Rs 718 crore, coal at Rs 175 crore, Karnataka liquor licences at approximately Rs 125 crore and the ONGC rig at Rs 55.248083512 crore. The presentation labels the land figure as a sale value, the liquor figure as revenue fetched for Karnataka’s excise department, and the rig as a completed sale, so the figures describe different auction outcomes rather than like-for-like revenue for MSTC.

Volume data adds context to the commodity transactions. MSTC said it sold around 4 lakh metric tonnes of chrome for around Rs 718 crore, while 15.4 lakh metric tonnes of coal were sold for Rs 175 crore. Chrome had the higher disclosed value despite the coal quantity being nearly four times the chrome quantity; the presentation does not disclose grade, buyer terms, reserve prices or MSTC’s fee on either transaction.

How did auction activity relate to MSTC’s first-half financial results?

MSTC’s presentation reports Rs 54,580 crore of goods transacted through its e-commerce vertical in 2026-27 H1, but it does not assign revenue or profit from the Hyderabad land, licences, rig, mineral blocks or commodity sales to individual contracts. Standalone e-commerce revenue rose 33.47% year on year to Rs 195.24 crore during the first half.

Standalone total revenue increased 31.25% in 2026-27 H1, while earnings before interest, tax, depreciation and amortisation increased 41.19% and profit after tax increased 41.99%. The e-commerce segment supplied Rs 195.24 crore of the Rs 257.20 crore total, while marketing revenue fell from Rs 1.02 crore in 2025-26 H1 to zero after MSTC completed its planned exit from the legacy trading business.

What is MSTC planning after its Q2 auction activity?

MSTC said it is examining the feasibility of setting up coal and other mineral exchanges, a plan that could extend its role beyond periodic auction events. The company did not provide an investment amount, launch date, approval status or revenue forecast for the proposed exchanges in its 2026-27 Q2 presentation.

The company also said its business-to-business travel portal is ready and is being upgraded for business-to-consumer operation. In addition, MSTC is developing a platform described as TReDS and has applied to the Reserve Bank of India for requisite clearance. The presentation does not state when the travel upgrade or TReDS platform may start operations.

Conclusion

MSTC’s disclosed Q2 portfolio ranged from Rs 2,863 crore of Hyderabad land to 125 Karnataka liquor licences, a Rs 55.248083512 crore ONGC rig sale, and sales of chrome and coal. The range of assignments coincided with Rs 54,580 crore of e-commerce transaction value in 2026-27 H1 and a 33.47% increase in standalone e-commerce revenue to Rs 195.24 crore.

The next disclosed milestones are the examination of coal and mineral exchanges, the business-to-consumer upgrade of the travel portal, and Reserve Bank of India clearance for the planned TReDS platform. MSTC has also launched Round 16 commercial-coal auctions and Tranche VIII critical-mineral auctions, with 13 new and seven old critical-mineral blocks, but did not provide a timetable or financial targets for these initiatives.