Wednesday, April 12, 2017

About 2,600 Crore/Year, Scrap Material Sold Through IREPS e-Auction Portal

S. NO. Financial Year Sale Value in Crores (Approx.)
1. 2011 - 2012 0.40
2. 2012 - 2013 405
3. 2013 - 2014 2,856
4. 2014 - 2015 2,765
5. 2015 - 2016 2,387
6. 2016 - 2017 2,428

2011 - 2017 10,841


Indian Railways e-Procurement System (IREPS) portal was launched in 2008 (25th August) for procurement of Goods, Works & Services, Sale of Materials, and Leasing of Assets through the process of E-Tendering, E-Auction or Reverse Auction. Sale of scrap materials through e-auction was launched in March 2012 through this portal.


About 2,600 crore/year scrap material sold through e-auction on www.ireps.gov.in. Till now the sale of scrap through e-auction crossed to 10,800 crores. IREPS provides a secure platform to users for online transactions for scrap sale. Depot users of Indian Railways can schedule E-Auctions and publish the Auction Catalogue for view by all users. Registered bidders can submit their bids online without knowing the identity of other bidders. They can make online financial transactions through electronic payment facilities provided with different payment gateways.
Last Updated: Feb 05, 2017 
IREPS: Indian Railways e-Procurement System

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