mjunction has been awarded a three-year contract by the DoT for the e-auction of telecom spectrum in various bands. The first event was held last year, when it facilitated the sale of 418.05 MHz of spectrum. This year, the amount more than doubled to 964.80 MHz and brought about an overall 3.35% appreciation in auction value over the reserve price for the spectrum sold. Revenue of INR 1.09 Lakh Cr in 2015 and INR 65,789.12 Cr in 2016 was generated.
mjunction, India’s largest B2B eCommerce company, has been appointed by the Directorate General of Hydrocarbons (DGH) to build a platform to enable eBidding, eEvaluation of bids, and eAllocation of oil and gas fields. This platform will aid in transparent allocation of India’s natural resources and help to reduce its oil-import bill by $8 billion annually, as per Petroleum & Natural Gas Ministry officials. Successful allocation of all 55 oil blocks for the first OALP Bid Round values USD 25 billion.
mjunction conducted the eAuction on behalf of the Board of Control for Cricket in India (BCCI) for awarding media rights for all non-IPL matches of the national cricket team. It was the first time that BCCI used eAuction for awarding such media rights. With cricket media rights attracting international attention, mjunction has played a key role in designing and implementing a fair, transparent, and equitable solution. The media rights were sold for INR 6138.1 crores, surpassing expectations from the client.