Steel Authority becomes first CPSE to reach procurement value of Rs 10,000 cr through GeM

New Delhi, Oct 27 (KNN) Steel Authority of India Limited (SAIL) has achieved the major milestone of procurement value of Rs 10,000 crore through the Government-e-Marketplace (GeM) since inception.

This was announced on Thursday by the Ministry of Steel.

The authority has also become the first Central Public Sector Enterprise (CPSE) to attain this milestone.

SAIL has been at the forefront in partnering with GeM and has played an active role to create different functionalities to enhance the reach of the GeM portal.

From a small beginning of Rs. 2.7 crore in FY18-19, 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 previous year with procurement of over Rs 5,250 crore till date and is committed to substantially increase the volumes on GeM.  (KNN Bureau)