SAIL crosses Rs 10k cr Procurement Value on GeM

New Delhi, October 27, 2022: 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.

A press release issued by the company says that 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 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.