-4.00 (-2.09%) Tata Steel’s JV - mjunction expects 33% growth in revenues and profit, and projects expansion in gross merchandise volume 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 state-run 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.
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.