REC Ltd. (formerly Rural Electrification Corporation Limited) has signed a performance-based ‘Memorandum of Understanding’ (MoU) with Power Finance Corporation Ltd (PFC) detailing various targets to be achieved by REC during FY 2019-20. The MoU has been signed by Shri Rajeev Sharma, CMD, PFC and Ajeet Kumar Agarwal, CMD, REC in presence of various senior officials of PFC & REC Ltd. The MoU contains various parameters relating to financial viz., Revenue from operations, Operating Profit as percentage of Revenue from Operation. PAT as % of Average Net Worth and Non-financial parameters viz., Human Resource Management and sector-specific result oriented measurable parameters.
Ameya Sathaye
Ameya Sathaye is the Founder & Editor-in-Chief of SarkariTel.com and DiplomacyIndia.com with over 25 years of experience in journalism, public policy, diplomacy, governance, infrastructure and international affairs. He has represented India at major international conferences and has served as an international election observer in Uzbekistan.
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