Tata Steel’s JV - mjunction has been appointed by the Directorate General of Hydrocarbons (DGH) to build a platform for e-bidding, e-evaluation of bids and e-allocation of oil and gas fields. This move is expected to facilitate transparent allocation of natural resources and help reduce India’s oil import bill by up to $8 billion annually.
mjunction is a 50:50 joint venture (JV) between Steel Authority of India (SAIL) and Tata Steel, is one of India’s largest B2B e-commerce company.
Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.
