Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,913.455.3
Stock Analysis, IPO, Mutual Funds, Bonds & More

mjunction to e-auction lignite for NLC India

mjunction plans to bring in multiple value-added services for their benefits such as toll-free help desk, complaint handling portal, buyer finance, status tracking of EMD deposits and refunds, e-ledgers and automated alerts.

ET Bureau|
Oct 18, 2019, 04.41 PM IST
0Comments
Getty Images
iStock-1043705492FINAL
mjunction said its e-auction platform will help NLC India Ltd connect with various buyers and facilitate e-selling of raw lignite in a fair and convenient manner.
mjunction services Ltd, one of the largest Indian B2B e-commerce company, has been appointed by NLC India Ltd (erstwhile Neyveli Lignite Corporation), to conduct e-auction of raw lignite and minor minerals from mines of Neyveli in Tamil Nadu.

mjunction will also auction white clay and other clay from NLC’s Barsingsar mine in Rajasthan. Raw lignite is a new addition to the list of metals and minerals that mjunction sells through its various e-platforms.

mjunction managing director and chief executive officer Vinaya Varma, said, “A dedicated team from our side will provide all-round comprehensive support to NLC in order to facilitate ease of sale for them.”

In a statement, mjunction said its e-auction platform will help NLC India Ltd connect with various buyers and facilitate e-selling of raw lignite in a fair and convenient manner. For the buyers, mjunction will enable a simple and easy e-auction process, so that they are able to buy raw lignite directly as per their requirement, in a hassle-free manner.

mjunction plans to bring in multiple value-added services for their benefits such as toll-free help desk, complaint handling portal, buyer finance, status tracking of EMD deposits and refunds, e-ledgers and automated alerts. Separate auctions will be conducted for bulk and small buyers.

NLC India has the highest and the vast reserves of raw lignite in India ensuring uninterrupted supply of raw lignite to users across various sectors. It sells raw lignite only through e-auctions.

Also Read

mjunction to set up new e-marketplace for tea in Assam

Vinaya Varma takes charge as MD of Mjunction services Limited

B2B e-commerce company mjunction sold over 9,000 tonne of scrap in FY19

After BCCI e-auction, mjunction to ramp up sports solutions

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service