B2B e-commerce major mjunction services limited on Friday said it has been appointed to conduct e-auction of raw lignite and minor minerals for NLC India Limited.
The e-commerce firm will carry out e-auction of raw lignite and minor minerals from mines of the erstwhile Neyveli Lignite in Tamil Nadu, the company said in a statement.
The white and other clay from NLC India's mines at Barsingsar in Rajasthan will also auctioned by the company.
The 'Navratna' PSU, NLC India Limited, has the vast reserves of raw lignite in the country, ensuring uninterrupted supply of the resource to its consumers across various sectors.
The company sells the resource only through e-auction.
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 statement said.
Raw lignite is a new addition to the repertoire of metals and minerals that mjunction sells through its various e-platforms.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app