Coal India Limited (CIL) has planned to procure about one-third of its equipment, consumables, spare parts and other stores, electronically in order to cut delays and enable efficiency.
The Public Sector aims at purchasing Rs 3,400 crore worth of equipment and consumables in FY09 through this platform which would help them to integrate with buyers and suppliers.
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Coal India happens to be the first public sector enterprise to offer 4-models of e-procurement. The 4-models offered under e-procurement are