H1 price of 94.3 Crsreceived which is 27.4% higher than the reserve price ; 20 buyers actively participatedDownload PDF (248 KB)
Industry: An Engineering Consultancy Company
Geography: Dalmianagar, Bihar
Client: Birla Corporation Limited
Challenge:To find a credible buyer who will give the right price for the plants and execute the project in a very short span of time.
Solution:Detailed inspection of the various plants, market making and innovative auction strategies
Results: H1 price of 94.3 Crsreceived which is 27.4% higher than the reserve price ; 20 buyers actively participated
RITES Ltd, a Government of India Enterprise was established in 1974, under the aegis of Indian Railways. It is a multi-disciplinary consultancy organization in the fields of transport, infrastructure and related technologies. RITES is internationally recognized with operational experience of over 55 countries in Asia, Africa, Latin America, South America and Middle East regions.
RITES wanted to auction all the plants & machineries in a short cycle of time. They needed capable buyers who could pay the material value in a short span of time. RITES wanted to sell the whole material to a single buyer as they don’t have bandwidth to monitor the dismantling and lifting activities. The client wanted the best price realization for their plant, machineries and spare items. They wanted a short window of lifting and dismantling time so that they can set up new industry as soon as possible.
The Business Challenge:
The Solution & Strategy Adopted
Result and Achievements