The Ministry of Defence (MoD) has made an astounding accomplishment by surpassing the Rs 1 Lakh Crore mark in terms of total order value transacted through the Government e-Marketplace (GeM) portal, also known as Gross Merchandise Value (GMV), a commerce ministry statement said on Wednesday. Of this, transactions worth around Rs 45,800 Crore have been awarded in the current financial year. From procurement of general store items like eggs to missile systems and critical defence acquisitions, GeM has helped MoD execute more than 5.47 lakh orders. The Government e-Market (GeM) portal was launched on August 9, 2016, for online purchases of goods and services by all central government ministries and departments.
Posts in category Business Standard
Volumes spurt at Vedanta Ltd counter (15-02-2024)
Vedanta Ltd registered volume of 925.1 lakh shares by 10:47 IST on BSE, a 179.15 fold spurt over two-week average daily volume of 5.16 lakh shares
PSP Projects wins work order of Rs 630.90 cr (15-02-2024)
From Rail Vikas Nigam
Sensex adds 127 pts; oil & gas stocks in demand (15-02-2024)
At 10:30 IST, the barometer index, the S&P BSE Sensex, was up 127.09 points or 0.18% to 71,949.92. The Nifty 50 index added 42.80 points or 0.20% to 21,882.85.
Board of Ucal approves acquisition of up to 49% stake in Avironix (15-02-2024)
At meeting held on 14 February 2024
Patspin India reports standalone net loss of Rs 1.73 crore in the December 2023 quarter (15-02-2024)
Sales rise 16.09% to Rs 10.03 crore
Sanchay Finvest reports standalone net loss of Rs 0.05 crore in the December 2023 quarter (15-02-2024)
Sales decline 84.09% to Rs 0.07 crore
Haldia Petrochemicals reports standalone net loss of Rs 469.30 crore in the December 2023 quarter (15-02-2024)
Sales decline 4.74% to Rs 3189.10 crore
JTEKT India standalone net profit rises 55.33% in the December 2023 quarter (15-02-2024)
Sales rise 17.19% to Rs 552.00 crore
First Custodian Fund(I) standalone net profit rises 338.46% in the December 2023 quarter (15-02-2024)
Sales decline 37.50% to Rs 0.05 crore