I have the following dictionary
mylist = [{\'tpdt\': \'0.00\', \'tmst\': 45.0, \'tmdt\': 45.0, \'pbc\': 30, \'remarks\': False, \'shift\': 1, \'ebct\': \'0.
You can use itertools.groupby:
>>> for key, group in itertools.groupby(mylist, lambda item: item["mc_no"]):
... print key, sum([item["tmst"] for item in group])
...
KA20 90.0
KA23 110.0
Note that for groupby to work properly, mylist has to be sorted by the grouping key:
from operator import itemgetter
mylist.sort(key=itemgetter("mc_no"))