E-Auction For Coal Takes Off

The Hindu: So B2B commerce is happening in India. Metal Junction Services Ltd, which recently launched an e-auction portal for coal – coaljunction.com, has already conducted around 45 e-auctions and sold nearly two million tonne of coal through its bilingual portal. The portal has been developed specifically for the coal-buying community.
MetalJunction, along with MSTC Ltd, has been engaged by Coal India Ltd (CIL) to conduct e-auction. While MetalJunction and MSTC have each been allocated five million tonnes of coal for e-auction through their respective portals in the current fiscal, it is hoped that the cumulative allocation of coal for sale through e-auctions will be increased to 30 million tonnes before the end of the current year.

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