The online auction of Tata Steel coils conducted by mjunction on May 23 was a huge success, with each of the four lots generating great interest among the customers. More than 11 customers participated in each of the lots.

The minimum price achieved was over Rs 1.15 lakh per ton, and total realisation through the auction was over Rs 1.1 crore.

The entire proceeds of the auction will go to the Tata Medical Centre of Kolkata. mjunction waived its fee as well as its registration fee for unregistered bidders for this auction.