Steel Authority of India’s (SAIL) JV - mjunction expects 33% growth in revenues and profit, and projects expansion in gross merchandise volume (GMV) at the same rate to touch Rs 88,000 crore this fiscal.
mjunction, a business-to-business e-commerce player, is a joint venture (JV) of Tata Steel and SAIL. mjunction had provided technical solution for the spectrum auction held in March 2015. The auction had fetched record bids of over Rs 1.1 lakh crore to government.
SAIL is India’s largest steel producing company. The company is among the five Maharatnas of the country’s Central Public Sector Enterprises. The company has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.
