MSTC Limited , a Government of India enterprise under the Ministry of Steel, has announced an exclusive partnership with EaseMyTrip to revolutionize travel services for the government sector. The strategic collaboration was disclosed through a regulatory filing dated 26th March, 2026, under Regulation 30 of SEBI (LODR) Regulations, 2015.

Partnership Framework and Services

The comprehensive agreement enables EaseMyTrip to integrate its APIs with MSTC's existing systems, providing access to an extensive range of travel services. The partnership encompasses multiple service categories designed to meet diverse government sector travel requirements.

Strategic Objectives and Implementation

Under this exclusive arrangement, MSTC will facilitate corporate travel for government sector organizations by leveraging EaseMyTrip's extensive travel inventory and advanced technology infrastructure. The partnership enables both companies to achieve complementary strategic objectives while enhancing service delivery capabilities.

EaseMyTrip will provide comprehensive technical support to ensure smooth integration, efficient booking capabilities, and a user-friendly experience for MSTC's users. The collaboration aims to streamline procurement and booking processes across MSTC's network while expanding EaseMyTrip's presence within the institutional and government travel segment.

Leadership Perspective

Commenting on the partnership, Rikant Pittie, CEO & Co-Founder of EaseMyTrip, emphasized the strategic significance of the collaboration. "This exclusive partnership with MSTC Ltd. marks a strategic expansion of EaseMyTrip into the Govt sector travel segment. By combining MSTC's institutional reach with our technology and supply ecosystem, we aim to deliver seamless and reliable travel solutions for Govt sector organisations across the country," he stated.

Market Position and Technology Integration

The initiative aligns with the growing demand for digitized and centralized solutions across government sector organizations. EaseMyTrip, listed on NSE and BSE, operates as one of India's largest online travel-tech platforms in terms of air ticket bookings, according to the Crisil Report-Assessment of the OTA Industry in India from February 2021.

The platform provides access to over 400 international and domestic airlines and 2.9 million+ hotels worldwide, along with comprehensive train, bus, and cab booking services. Founded in 2008, EaseMyTrip maintains its headquarters in Delhi with offices across multiple cities and an expanding international presence through subsidiaries in various countries.

This partnership strengthens EaseMyTrip's position as a preferred technology partner for large-scale, high-value segments while enabling MSTC to enhance its service offerings to government sector clients through advanced digital solutions.

Source: None/Company/INE255X01014/a8e032eb-039d-4e4e-9af1-ec9f4730c5d7.pdf

MSTC Limited, a Government of India enterprise, has received reaffirmation of its credit ratings from CARE Ratings Limited for bank facilities totaling ₹110.00 crore. The rating agency communicated its decision to the company on March 17, 2026, maintaining the existing ratings without any changes.

Credit Rating Details

CARE Ratings Limited's Rating Committee reviewed and reaffirmed the following ratings based on the company's operational and financial performance for FY25 (Audited) and 9MFY26 (Unaudited):

Facility Structure

The rated facilities comprise specific banking arrangements designed to support MSTC Limited's operational requirements. The long-term facilities include a proposed cash credit facility worth ₹10.00 crore, while the short-term facilities consist of non-fund based limits totaling ₹100.00 crore for letter of credit and bank guarantee arrangements.

Long-Term Facilities Breakdown

Short-Term Facilities Breakdown

Regulatory Compliance

MSTC Limited disclosed this credit rating update to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015. The company's shares are traded under scrip code 542597 on BSE and MSTCLTD on NSE.

Rating Methodology

CARE Ratings Limited based its rating reaffirmation on recent developments including the company's operational and financial performance. The rating agency reserves the right to undertake surveillance and review of the ratings from time to time, with at least one review or surveillance conducted annually. The ratings reflect opinions on the likelihood of timely payment of obligations under the rated instruments and are subject to periodic review based on the company's performance and market conditions.

Source: None/Company/INE255X01014/b13160af-a41a-48a2-a2f3-d57eb9df6233.pdf