RNS: 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 inception.
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 FY’18-19, it 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 till date and is committed to substantially increasing the volumes on GeM.
SAIL is proud to be a flag bearer of this digital initiative of the Government of India.