The Ministry of Coal ensures complete transparency, timely decision-making and faster planning to achieve the ambitious target of coal production exceeding 1 billion tonnes this year.
In the current financial year, procurement via GeM has already reached an impressive figure. 23,798 Crore as of September 14, 2023. With this achievement, the Ministry of Coal has already surpassed its annual target for the fiscal year 2023-24 of Rs. 21,325 Crore in the second quarter itself. In the fiscal year 2022-2023, the target set for the Ministry of Coal (including its CPSEs) for procurement of goods and services through GeM was Rs.4000 Crore. The actual result exceeded this target, reaching Rs. 4,278 Crore, which represents an achievement rate of 107%. This exemplary result was made possible by the close interaction between the GEM team and the CIL procurement team to resolve technical obstacles.
Coal India Ltd. and its subsidiaries have played a significant role in procurement on GeM by contributing Rs. 23,363 Crore as of September 14, 2023, which is 17% higher than its actual target for fiscal 2023-24. With this achievement, Coal India Ltd. has become the country’s leading CPSE in GeM procurement.
Launched in August 2016, GeM was started with the aim of modernizing the previous tender process and improving integrity and transparency in public procurement by embracing digitalisation. Over the past seven years since its establishment, the Ministry of Coal (MoC) has continued to dedicate itself to this digital transformation effort.
The substantial procurement results achieved by the Ministry of Coal (MoC) through GeM highlight the effectiveness and efficiency of the platform in facilitating transparent and efficient procurement processes. The widespread adoption of GeM by various CPSEs of the Ministry of Coal further highlights its success in simplifying and improving the overall procurement environment.