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Chennai, November 29.
AuctionIndia, auction site for industrial assets has signed up with Tube Products for conducting the company's quarterly scrap disposal auctions online. The value of each scrap contract being auctioned every quarter is around Rs.3.6 crores and the first auction for the quarter starting January 2001 will be held on December 20.
According to Mr. Mani P.Sam, Vice President AuctionIndia, the company has also been signed on by Lucas TVS for conducting monthly disposal of their scrap.
Mr. Sam said Kar Mobiles, Rane Engine Valves and Chemplast are lining up to sign contracts with the company for the disposal of their scraps. |
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