Power Grid surges 2% after launching certified e-tendering portal “PRANIT”

The portal has been certified by Standardisation, Testing and Quality Certification Directorate (STQC), Ministry of Electronics and Information Technology, Government of India.

Mar 24, 2021 02:03 IST India Infoline News Service

Power Grid Corporation Of India
State-owned Power Grid Corporation has established an e-Tendering Portal-PRANIT which will lead to less paperwork and ease of operation, making the tendering process more transparent.

The portal has been certified by Standardisation, Testing and Quality Certification Directorate (STQC), Ministry of Electronics and Information Technology, Government of India.

In a statement on Tuesday, the Power Ministry said that with this, POWERGRID is now the only organization in India to have an eProcurement solution on SAP Supplier Relationship Management (SRM), complying with all applicable requirements relating to security and transparency as stipulated by STQC. POWERGRID in pursuit of digitalisation has been undertaking several innovative enhancements within the SAP SRM framework.

At around 2.29 pm, Power Grid is trading at Rs223.15 per piece up 1.8% on Sensex. 

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