Auction-It Information

Auction-it is an industrial e-auction platform that helps Indian manufacturers maximise price realisation on material their plants generate, but their business does not sell scrap and by-products, secondary and surplus material, non-moving inventory, and idle or obsolete assets. Most of this material is still disposed of the way it has been for decades: a few local traders, a negotiated rate, and no way to prove the price was the right one. Value is left on the table and working capital sits in the yard. We replace that with competitive price discovery. Every lot is inspected and catalogued, published to a verified nationwide buyer network, and sold through a transparent forward auction with a complete audit trail. Reverse auctions are available on the buying side. WHAT WE HANDLE - Process scrap and by-products — ferrous, non-ferrous and non-metallic - Secondary and surplus material, off-grade and rejected stock - Non-moving inventory and obsolete MRO spares - Idle and obsolete plant, machinery and equipment HOW WE WORK Material and market assessment → auction planning → buyer discovery and mobilisation → live e-auction → bid analysis and approval support → payment, lifting and evacuation → performance reporting. You keep every decision. We run everything else. SCALE 10,000+ registered bidders · 200+ auctions a month · 70,000+ tonnes sold monthly · 350+ locations · ₹3,000 Cr+ annual transaction value START WITH ONE LOT We will run your first lot at no charge. You give us your current realised rate, the auction opens there, and your existing traders are welcome to register and bid. The price can only move up. Auction-it is powered by JindalX, the digital arm of the O.P. Jindal Group. Sellers — Dinesh Chandra: +91 63977 94737 Buyers and general enquiries: 9205975800 www.auctionit.in