The Business Bytes
TBB BUREAU
NEW DELHI, OCT 27, 2022
Steel Authority of India (SAIL) has made procurement worth Rs 10,000 crore through the Government-e-Marketplace (GeM) since the inception of the portal, the company said on Thursday.
In a statement, SAIL said that 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.
GeM is a completely paperless, cashless and system-driven e-marketplace that enables procurement of common-use goods and services with minimal human interface.
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, it added.
SAIL, under the Ministry of Steel, is the country’s largest steel-making company with an annual capacity of over 20 million tonne (MT).
