A leading power company in the windmill sector faced the challenge of efficiently managing and monetizing their scrap materials. With a dispersed buyer base and the need to maximize returns, the company struggled to attract a wide pool of bidders and achieve competitive prices for their scrap. Additionally, coordinating auctions and ensuring broad participation was a significant hurdle, potentially impacting the overall gross merchandise value (GMV) they could achieve.
Matex stepped in to address these challenges by organizing and managing two auctions for the client in 2024. Leveraging our extensive network, we attracted buyers from across India, ensuring a diverse and competitive bidding environment. With a well-executed auction strategy, Matex brought together 29 participants, creating a highly competitive atmosphere that significantly boosted the bidding process.
As a result of Matex’s intervention, the client achieved a remarkable GMV of Rs. 7.26 crore for all their scrap materials. The broad participation and competitive bidding not only exceeded the client’s expectations but also ensured that they could maximize the value of their scrap assets. This successful auction strategy demonstrated the effectiveness of Matex in transforming challenges into significant financial gains for the client.
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