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mjunction sells RITES ECR plants

mjunction services limited, India’s largest B2B eCommerce company, has helped RITES sell assets belonging to East Central Railway (ECR), through a transparent eAuction mechanism. RITES, a Government of India enterprise under the aegis of Indian Railways, sold off assets at the erstwhile Rohtas Industries at Dalmianagar in Bihar.

These assets consisted of plant and machinery pertaining to cement, paper, power and chemical units, within a total area of 160 acres.

mjunction is a leader in providing market price valuations of large plants and machineries. Recently, mjunction successfully conducted the media rights eAuction for Board of Cricket Control in India. For the Board of Control for Cricket in India (BCCI), it was the first time that they used eAuction for the award of media rights for all non-IPL matches of the Indian cricket team in India.