After West Bengal and Maharashtra, mjunction services limited is all set to implement eDistribution of coal in Bihar. The Bihar State Mining Corporation (BSMC), the designated state-nominated agency (SNA) for Bihar, has appointed mjunction, India’s largest B2B eCommerce company, for implementation of coal eDistribution in the state, which will enable MSME consumers to buy coal from BSMC in a fair and convenient manner without middlemen or agents.
Distribution of coal to MSMEs in Bihar will be reinstated after nearly seven years, and Coal India’s allocated quantity of coal to the state for this purpose is 3.85 lakh tonnes per annum.
mjunction’s efficient and transparent mechanism will enable MSMEs to get access to coal almost at notified prices, which are lower than market prices. Also, the MSMEs will no longer have to rely on traders to meet their coal requirement at inflated prices.
mjunction CEO Mr Vinaya Varma said, “Digitisation of coal distribution will benefit MSMEs significantly, making the process transparent and efficient. The ePlatform will make it easy for the SNAs to manage coal distribution and help eliminate dependency on handling agents.”