MoU
- Details
-
Created on Friday, 06 January 2012 12:25
-
Last Updated on Tuesday, 21 January 2014 05:33
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 2006-2007 to 2011-2012 is given below:
| Year |
MoU Rating |
Remarks |
| 2006-07 |
Excellent |
|
| 2007-08 |
Very Good |
Company qualified for "Excellent" but DPE has adjudged under ‘Very Good’ for which a representation has already made to DPE through our Administrative Ministry. |
| 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 |
Performance Evaluation Parameters And Targets 2012-2013
MoU Annexure XIV
MoU Annexure XII
MoU Annexure XI
MoU Annexure XIII
