MetalJunction, a joint venture of Steel Authority of India Ltd (SAIL) and Tata Steel, offering e-base procurement and selling solutions, has set a transactional value target of Rs 1,500 crore for 2003-04. This year, the value of business was Rs 700 crore.
Viresh Oberoi, managing director MetalJunction said that the company would look beyond existing clients like SAIL and Tata Steel.
The company has already signed up with Tata Power, Larsen & Toubro and North Delhi Power Ltd. The company is in discussions with other companies in steel and other sectors for similar purposes.
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While extending client base the company would also look at diversifying into other product categories like mineral, ferro alloys, non-ferrous metals as well as other services like sale of assets and supplier finance.
Oberoi said, MetalJunction would also look at a buyer and vendor base in new geographies