Monday, October 3, 2022

BHEL’s procurements through GeM crosses Rs 1,500 crore in first half of FY’22

Must read

New Delhi: As part of the government’s initiative towards enhanced transparency and ease of doing business, Bharat Heavy Electricals Limited (BHEL) has been spearheading procurement of Goods and Services through the Government e-marketplace (GeM) portal, which is a Unified Public Procurement Portal for goods and services.

According to an official press release issued on Wednesday, the company’s procurement through GeM has crossed Rs 1,500 crore in the first six months of the current fiscal, as against Rs 389 crore in the entire 2020-21. Major procurements through the GeM portal include Steel, Cement, Cables, various sub-assemblies, etc. The company was also ranked No. 1 among the top 20 PSUs for procurements from this portal during the first quarter of the current year.

Significantly, BHEL is not only procuring goods and services through GeM but is also registered as a ‘Seller’ for various products on the platform and is receiving orders from the same.

By driving procurements through GeM, the company is ensuring transparency and compliance with various GoI directives like General Financial Rules, CVC guidelines, Public Procurement Policy – Make in India, MSE, startups, etc., thereby increasing ease and efficiency of procurement.  These steps are also aimed at the nation’s efforts towards an AtmaNirbhar Bharat.

Notably, the company is streamlining its procurement processes using data analytics, and ensuring substantial cost savings by scaling up procurement through GeM. The goal is to utilize data analytics through a single dashboard by every concerned BHEL employee.

This successful transition has been made possible through the collaborative efforts between GeM and BHEL and the company is now utilizing this platform to further drive systemic changes for procurement within the organisation.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

- Advertisement -

More articles

- Advertisement -

Latest News