SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Tata Steel and SAIL JV - mjunction to sell imported coal

24 Jun 2011 Evaluate

In the wake of rising demand-supply gap of coal - Tata Steel and Steel Authority of India’s (SAIL) joint venture - mjunction- will be selling imported coal online. The transactions are expected to start next month. mjunction is planning to import and sell 100 million tonnes coal this year and first shipment of 60,000 tonnes is expected in July; the demand is expected to be around 710 million tones, while the coal will be imported from Indonesia and South Africa.

mjunction is planning to sell coal through its division coaljunction, formed for e-auction of coal and which conducts e-sales on behalf of Coal India (CIL) and its subsidiaries. This venture has proved profitable to CIL.

Mjunction is the 50:50 JV of Tata steel and SAIL. The details on the sale value are not disclosed, however, sale of imported coal will be coaljunction's own offering and is will follow a model different from existing model of e-sales.

Tata Steel Share Price

212.05 1.35 (0.64%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
APL Apollo Tubes 2105.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×