Sapphire Technologies, an O P
Jindal group company, has launched a portal on steel - steelemart.com
This portal would enable providers, middlemen, distributors, suppliers,
original equipment manufacturers and other end users to pick new business
associates online.
The portal aims to reduce business
transaction costs through the e-commerce route. Besides, steelemart.com would
also help better bidding in auctions and an update on happenings in the steel
industry.
The company has already made a
capital investment in this portal of Rs.1 crore, which is likely to be
increased to Rs.5 crore.