MoU is a mutually negotiated agreement between the management of the CPSEs and the Government of India. A key ownership functions of the Government being the majority shareholders of Central Public Sector Enterprises (CPSEs) is to undertake regular performance evaluation of CPSEs, to assess their efficacy towards fulfilment of core objectives for which these have been constituted.
MoU is a negotiated agreement and contract between the Administrative Ministry and the Management of the Central Public Sector Enterprise (CPSE) on selected parameters having targets decided normally before the start of a new financial year. The parameters included in the MOU process are market oriented reflecting the shareholders’ interest.
The performance evaluation system considers the parameters like actual performance in terms of profitability/ return on the invested capital, competitiveness/ usefulness, production levels achieved etc.
RCF has been signing MoU with the Department of Fertilizers (DoF), Govt. of India every year.
Past MoU Rating of RCF:
| Financial Year | RCF MoU Rating |
|
2024-25 |
Under Evaluation |
|
2023-24 |
Very Good |
|
2022-23 |
Very Good |
|
2021-22 |
Very Good |
|
2020-21 |
Very Good |
|
2019-20 |
Very Good |
|
2018-19 |
Very Good |
