Saturday, April 14, 2018

About 2,670 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 400
3. 2013 - 2014 2,780
4. 2014 - 2015 2,560
5. 2015 - 2016 2,380
6. 2016 - 2017 2,420
7. 2017 - 2018 2,820

2011 - 2018 13,390


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 2,670 crore/year scrap material sold through e-auction on www.ireps.gov.in. Till March 31, 2018 the sale of scrap through e-auction crossed to 13,390 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.
About 2,670 Crore per Year, Scrap Material Sold Through IREPS e-Auction Portal
Last Updated: Apr 14, 2017 
IREPS: Indian Railways e-Procurement System

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