New Delhi: eCommerce firm mjunction has announced the launche of its service valuejunction, to help clients sell their idle assets through its website.

"Recession or slowdown as some may call it, has had a lot of people looking at selling/leasing their idle asset like buildings, machinery and products. They want to clear their inventory and we have received requests for even selling flats and everyday use products," mjunction founding Chief Executive Officer and Managing Director Viresh Oberoi said.

The business to business company, which has already roped in about 45 clients for the new service, plans to add another 15 by year-end, he added.

Mjuntion is a joint venture company promoted by TATA Steel and SAIL and has already auctioned airstrips, aircrafts, vintage cars and earth moving items through various auctions. Its plans, this year, include eAuction of 35 flats for Asset Reconstruction Company (India) Ltd in Thane, Mumbai.

"We are in touch with retailers who want to sell their stock lying in the warehouses. Currently, the products are open for bulk buying, but we would also look at opening it to consumers depending on the product category," Oberoi said.

Mjunction runs eCommerce sites like metaljunction.in, buyjunction.in, coaljunction.in, autojunction.in and straightline.in