More than a decade ago, the coal industry in India was plagued by a multitude of problems like lack of transparency, process inefficiencies, inequitable distribution, dependence on intermediaries and cartelization. We pioneered the e-Auction of coal in India, which transformed the way coal was sold in India, resulting in incremental revenue for Public Sector Organisations, money that was otherwise going to the intermediaries.
e-Auction of coal facilitates all sections of coal buyers across the country, enabling them to buy coal through a simple, transparent, and consumer-friendly system. The robust and secured platform comes with a host of features for the convenience of both the buyer and the seller. The platform assures best price realisation and fair allocation of coal, with minimum involvement of your time and resource.
Responsibility of coal allocation to MSMEs has been given to various state-nominated agencies in respective states. We have developed an online platform to manage the end-to-end process of e-Distribution of coal. This system brings in transparency by ensuring fair allocation of coal, convenience for MSME consumers, and efficiency of the entire sales process by managing consumer-registration, payments, DO-generation, lifting management, invoicing, and reporting, electronically.
We offer an integrated IT platform to enable SMS- and Mobile App-based spot booking, along with inventory-based vehicle placement planning. The services offered also include both onsite and offsite post-sales transactions, including entries in the client legacy system for generating documents, among others. This enables reduction of cash-to-carry cycle time, apart from increased convenience to both buyers and sellers.
We organise the Indian Coal Markets Conference, which is India’s leading international conference that has been focusing on the issues of coal consumers for the last many years. Subscribe to our online conferences and webinars by writing to us.
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India Coal Market Watch - A one-stop source for all news, data and research pertaining to coal demand, consumption, stocks, spot and long-term prices with respect to the Indian Market.
mjunction helped us in identifying the pain points and requi ...Read More
Mr R. K. Saha
Executive Director (Technical)
MSMC has engaged mjunction to set up a fully automated End-T ...Read More
Dr Nirupama Dange, IAS