SJVN Limited placed their largest yet purchase order, worth Rs 62.18 Cr on GeM
The equipment will be used for SJVN’s Nathpa Jhakri Hydro Power Station in Himachal Pradesh.
New Delhi: SJVN Limited, a CPSE under the Ministry of Power, has placed their largest yet purchase order, worth Rs 62.18 Cr, on GeM for the supply of Turbine Runners. The equipment will be used for SJVN’s Nathpa Jhakri Hydro Power Station in Himachal Pradesh.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoYThe CPSE has demonstrated an impressive evolution in its procurement strategy over time. In FY21-22, their procurement amounted to Rs 66 Cr, and in FY22-23, it soared to Rs 80 Cr. As of 16th Oct'23, SVJN has already made procurement worth more than Rs 119 Cr in the current fiscal year.
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail depositsSJVN’s staggering growth can be attributed to its unwavering trust in GeM's vision of creating a transparent and inclusive procurement platform. GeM streamlines the procurement process for CPSEs like SVJN by leveraging cutting-edge digital technology to create a dynamic and competitive public procurement marketplace.
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