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MoU

MoU

Memorandum of Understanding (MoU) is a negotiated agreement between Government as owner of Public Enterprises and the management of the Public Sector Enterprises (PSEs). MoU is meant to measure the performance of Management of PSE at the end of the year in an objective and transparent manner.

FAGMIL started signing MoU from the year 2006-2007 i.e) within two years of formation of the company and has been getting Excellent rating since beginning.The company has signed MoU for the year 2012-2013 with Department of Fertilizers.

 

FAGMIL’S MoU rating from 2008-2009 to 2016-2017 is given below:

Year MoU Rating Remarks
2008-09 Excellent
2009-10 Excellent
2010-11 Excellent
2011-12 Excellent As per the DPE Circular No. 3(1)/2011-DPE(MOU), the Company has been rated Excellent with 1.07 score with the 1st Rank in the Steel, Coal & other Minerals Syndicate. The Company is eligible for the Prime Minister Award.
2012-2013 Excellent As per the DPE Circular, the Company has been rated Excellent with 1.11 score with the 1st Rank in the Steel, Coal & other Minerals Syndicate. The Company is eligible for the Prime Minister Award for the Second Consecutive Year
2013-14 Excellent
2014-15 Excellent
2015-16 Good
2016-17 Fair
2017-18

 

Performance Evaluation Parameters And Targets 2018-2019