Coaljunction wishes Thank you to the coal buyers for participating & making the Single Window Mode Agnostic (SWMA) e-Auction scheme 2022 a success in Coaljunction portal & we look forward to your continued support & patronage.

Coaljunction urges its customers to read through the Notice - Revised E-auction scheme 2022 available in https://www.coaljunction.in for comprehensive knowledge & holistic information before participating in all future Single Window Mode Agnostic e-Auction of Coal India Limited to be held in Coaljunction portal as always.

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#
10 crore rupees
of financial
assistance

From India’s top banks

Get financial assistance through coaljunction

An innovative downstream finance scheme, in association with leading banks for the auction participants of coaljunction participating in e-auctions of Coal India Ltd.

Key benefits of the finance program

  • Get working capital from 50 lacs to 10 crore rupees
  • Credit period upto 60 days
  • Interest rates as low as 12.75% per annum*
  • Instant disbursal
  • Hassle-free one-time documentation and processing

How it works

  • 1
    Expression of interest

    Customer provides expression of interest with application form and documents to coaljunction

  • 2
    Approval

    coaljunction will discuss with the bank; and once approved, set up the overdraft limit

  • 3
    Finance request

    Customer sends online finance request to us for the approved lots

  • 4
    Payment
    Post validation by our team, Bank processes the request and makes payment to plant.
     
  • 5
    Payback

    Customer lifts materials and makes payment to bank within the due date**

*   In case of offline mode, customer collects PO and deposits to client office

** In case of default, customer will not be allowed to participate in auctions