Our Company |   Join Our Club |      

news categories

news per location

November_December 2017 2017

Read our bloggers

Power Plants

  • Directorio de Eficiencia energética

Mjunction conductse-auction of commercial papers worth Rs 700-crore for SAIL.

Jump to the comments

mjunction services limited, India’s largest B2B e-commerce company,successfully conducted yesterday an e-auction for commercial papers (CPs) worth Rs 700 crore for  Steel Authority of India Limited (SAIL). For SAIL, this was a significant step towards adopting a business practice that is completely technology-driven, and thus a step forward in the government’s Digital India programme.

SAIL said: “For SAIL, this e-auction conducted by mjunction of commercial papers has led to better price discovery. The process was structured, less time consuming, has a scope for greater participation and above all transparent.”

MrVinayaVarma, mjunction CEO said, "We have the most technologically-advanced platform as an electronic book provider (EBP) for debt market instruments like commercial papers or bonds. From initiating bids till final issuance, our platform is completely automated ensuring total transparency to all stakeholders."

mjunction has been a pioneer in electronically transforming supply chains of steel and coal, bringing in efficiency and transparency to the way they were bought and sold. Today it exists in diverse sectors spanning the entire B2B e-commerce spectrum. Very recently, it conducted the e-auction of telecom spectrum for the second time for the government of India’s Department of Telecommunications.

Investment & Trading | News published on 24 / 01 / 2017 by Rashmi Nargundkar

Comments in this news Add yours


Posted on 24 / 01 / 2017 | Linda


Woah, this means that India is becoming more capable of running e-Commerce business and I can say that organizations like <a href="http://www.smartpapershelp.com/">www.smartpapershelp.com</a> are a role model of business success in the field.
Posted on 24 / 01 / 2017 | Phelan

  Other Interesting News

enXco signs turbine supply agreement with REpower Systems Integrated Management Systems certification for Tata Power’s Hydro Power Stations Su-Kam launches lithium ion battery based ‘LED Inverter Bulb’ AVEVA Solution Showcase in India Suzlon achieves 10,000 MW installed wind energy milestone in India.