SAIL crosses 10,000 Cr Procurement Value on GeM
- Indian Masterminds Bureau
- Published on 28 Oct 2022, 12:32 pm IST
- 1 minute read
Highlights
SAIL has been at the forefront of partnering with GeM and has played an active role to create different functionalities to enhance the reach of the GeM portal.
Steel Authority of India Limited (SAIL), becomes the first Central Public Sector Enterprise (CPSE) to achieve the major milestone of procurement value of Rs 10,000 (Ten Thousand) Crore through the Government-e-Marketplace (GeM) since its inception.
From a small beginning of Rs. 2.7 Crore in FY’18-19, SAIL has already crossed the total value of Rs. 10,000 Crore in this year. Incidentally, SAIL was the largest CPSE procurer on GeM in the previous Financial Year with a value of Rs. 4,614 Crore.
In the current fiscal, SAIL has already surpassed the achievement of the previous year with procurement of over Rs. 5,250 Crore to date and is committed to substantially increasing the volumes on GeM.Related Stories
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