#mjunction

India’s coal import jump 13% to 107 MT in April-Sept

India’s coal imports rose 12.6 percent to 107.34 million tons in the first six months of 2021 to 2222. The country imported 95.30 million tons of coal in April-September 2020-21, according to provisional data collected by assembly services, based on monitoring of ship locations and data from shipping companies. mjunction – a joint venture between Tata Steel and SAIL – is a B2B e-commerce company…

mjunction conducts first e-auction for Chhattisgarh Mining Dept

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KOLKATA: mjunction services limited, the country’s largest B2B e-commerce company, recently conducted its first e-auction for the Chhattisgarh Mining & Mineral Resources Department, as part of its integrated e-procurement system deployed by the Chhattisgarh Infotech Promotion Society (CHiPS), under the Government of Chhattisgarh.

The e-auction was conducted for dolomite and black granite.…

mjunction launches new e-procurement platform for Ordnance Factory Board

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KOLKATA: mjunction services limited, has launched its new e-procurement system for the Ordnance Factory Board (OFB).

The new system will be used by more than 22,000 users across the world. It comes as tension intensifies at Ladakh and the role of OFB becomes critical in providing the Indian Army timely supplies of key items.

“With this, OFB will, for the first time, use a completely…

#Mjunction to #EAuction Lignite for #NLCIndia

B2B e-commerce company – mjunction services limited has been appointed by NLC India Limited (erstwhile Neyveli Lignite Corporation), to conduct e-auction of raw lignite and minor minerals from mines of Neyveli in Tamil Nadu and white clay and other clay from mines of Barsingsar in Rajasthan. Raw lignite is a new addition to the vast repertoire of metals and minerals that mjunction sells through…

Company News

Mjunction, a 50:50 joint venture between SAIL and Tata Steel, has moved beyond its traditional strengths in commodities trade to embark on new businesses like real estate and sports solutions. It is also keen to partner Railways and its subsidiary companies to offer a platform for selling their scrap and idle assets. In this interview with Jayajit Dash, mjunction services limited's MD & CEO Vinaya Varma tells that the company eyes 40 per cent CAGR topline growth through 2023, betting on India’s e-commerce boom.

mjunction services has recently forayed into real estate vertical, auctioning commercial plots. Beyond UP, which other states are on your radar? Are you also looking at tie-ups with real estate developers?

mjunction entered the real estate sector with Uttar Pradesh Awas Vikas Parishad and currently, we are customising the platform for Uttar Pradesh State Industrial Development Authority (UPSIDA) where e-auctions will begin soon. After we consolidate our position in Uttar Pradesh, we will target other states.

How does mjunction intend to expand its sports solutions vertical? Beyond cricket, how do you aim to engage other popular sports?

There is a large opportunity for sports federations to bring in transparency and efficiency in several areas. We have a tie up with Sporty Solutionz to create digital solutions for cricket as well as other sports.

In the Railways sector, what bigger deals are you looking to seal? Any partnership on the cards with subsidiaries and Rail centric companies like Rites, IRCTC, IRFC or RailTel?