SAIL crosses Rs 10,000 cr procurement mark on GeM portal since inception

The portal was launched on August 9, 2016. Presently more than 7,400 products in about 150 product categories and hiring of transport service are available on it

SAIL

Representative Image

Press Trust of India New Delhi
Steelmaker SAIL on Thursday said it has made procurement worth Rs 10,000 crore through the Government-e-Marketplace (GeM) since the inception of the portal.
The portal was launched on August 9, 2016. Presently more than 7,400 products in about 150 product categories and hiring of transport service are available on it.
GeM is a completely paperless, cashless and system-driven e-marketplace that enables procurement of common-use goods and services with minimal human interface.
In a statement, SAIL said, "it has become the first Central Public Sector Enterprise (CPSE) to achieve the major milestone of procurement value of Rs 10,000 through GeM since inception".
From Rs 2.7 crore in FY 2018-19, the total value of procurement from GeM has already crossed the Rs 10,000 crore mark this fiscal, Steel Authority of India Limited (SAIL) said.
SAIL did not share information with respect to items purchased through the government portal.
The steelmaker, under the Ministry of Steel, is the country's largest steel-making company with an annual capacity of over 20 million tonne (MT).

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Topics : SAIL GeM

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 27 2022 | 4:52 PM IST

Explore News