First CPSE to achieve the Procurement Value of Rs 10,000, Crore through GeM
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.
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.
From a small beginning of Rs. 2.7 Crore in FY’18-19, Steel Authority of India Limited has already crossed the total value of Rs. 10,000 Crore 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.
Disclaimer : This is an official press release by PIB.