B2B e-commerce company, mjunction Services Ltd., will conduct e-auction of raw lignite and minor minerals from mines of NLC (formerly Neyveli Lignite Corporation).
An mjunction release said that the company had been appointed by NLC to e-auction raw lignite from NLC’s Tamil Nadu mines and white clay and other clay from NLC’s mines in Barsingsar in Rajasthan.
“Raw lignite is an addition to mjunction’s repertoire of metals and minerals which it sells through its e-platforms,” the company said.
mjunction is an equal joint venture of SAIL and Tata Steel.
NLC India Limited has four open cast mines with an annual capacity of 30.6 million tonnes. This is projected to rise to 93.2 million tonnes by fiscal 2022, according to the company.
The online platform of mjunction will help the state-run company to connect with various buyers, and facilitate e-selling of raw lignite in a ‘fair and convenient manner’, the release said.
The proposal will enable NLC to connect with its buyers in a fair and convenient manner, while enabling buyers to pick up their lignite requirement in a direct and hassle free manner. The release said that mjunction is also planning for the buyers, value-added services like a toll-free help desk and complaint handling portal buyer finance, e-ledgers and automated alerts. It said that separate auctions would be conducted for bulk and small buyers.
