NMDC procured goods & services worth Rs 840 crore through GeM in FY'23

New Delhi: Navratna PSU, NMDC Limited organised an interactive session with Government e Marketplace (GeM) authorities on the existing and additional functionalities in the GeM Portal on from June 8 to June 9, 2023 at its Head Office in Hyderabad.

Chief Manager, Product and Forward Action and Nodal Officer for NMDC Shailesh Kumar and GeM Facilitator of Telangana Ravi Varma were the key speakers at the session. Deliberating on the procurement of products and services through GeM Portal and disposal of materials through the forward auction mode in the GeM Portal, the speakers interacted with senior officials from NMDC.

NMDC has procured goods and services worth Rs 840 crore through the GeM in FY'23, surpassing its target of Rs 750 crore. The State Miner’s GeM procurement percentage is witnessing the fastest increase in steel PSUs. NMDC has made procurement worth Rs 191 crore in FY'24 till May 31.

During the session, GeM officials highlighted the service category of Air Ambulance on GeM that could benefit the company’s health infrastructure in Projects at remote locations. 

NMDC officials suggested including Forward Auction of iron ore and other products through the GeM Portal and also recommended features that can make the portal user-friendly such as updating new developments on the homepage ticker.

NMDC’s senior officials from its projects across India and employees from Materials, Finance, Contracts, Commercial, C&IT and Vigilance departments participated in the Session to enhance future procurements through GeM.

Commenting on this, NMDC's Director (Finance) Amitava Mukherjee said, “NMDC promotes its vendors, especially MSMEs, to enlist on the National Public Procurement Portal and leverage the efficiency and transparency offered by GeM.”

Disclaimer: This story is a press release and is being published without any editing by the PSU Watch desk.

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