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The Ministry of Coal is steadfast in ensuring transparency and expeditious decision-making to achieve its ambitious goal of producing over 1 billion tonnes of coal this year.
In the current fiscal year, procurement through GeM has already surpassed expectations, reaching Rs. 23,798 Crore as of September 14, 2023, exceeding the annual target for FY’ 2023-24 of Rs. 21,325 Crore within the second quarter itself. In FY 2022-2023, the Ministry of Coal, including its CPSEs, had set a target of Rs. 4,000 Crore for procurement of Goods and services through GeM, but the actual achievement far exceeded expectations, reaching Rs. 4,278 Crore, representing a remarkable 107% achievement rate. This achievement was made possible through close collaboration between the GEM team and the CIL procurement team to resolve technical issues.
Coal India Ltd. and its subsidiaries have played a significant role in GeM procurement, contributing Rs. 23,363 Crore as of September 14, 2023, which is 17% higher than their actual target for FY 2023-24. With this achievement, Coal India Ltd. has emerged as the leading CPSE in the country in terms of GeM procurement.
Launched in August 2016, GeM was initiated with the goal of modernizing the previous tender process and enhancing transparency and integrity in government procurement through digitalization. Over the past seven years, the Ministry of Coal (MoC) has been dedicated to this digital transformation effort.
The substantial procurement achievements of the Ministry of Coal (MoC) through GeM underscore the platform’s effectiveness and efficiency in facilitating transparent and efficient procurement processes. The widespread adoption of GeM by various CPSEs of the Ministry of Coal further underscores its success in simplifying and enhancing the overall procurement landscape.
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