Indian Oil Corporation (IOC), India’s flagship petroleum company has signed the annual memorandum of understanding (MOU) with the Government of India for the year 2012-13. The MOU document was signed on March 30, 2012 by Secretary, Ministry of Petroleum and Natural Gas, with Chairman of the company.
While assigning 50% weightage to financial parameters, the MOU lays significant emphasis on operational performance and other parameters such as research & development, corporate governance, HRD, corporate social responsibility and sustainable development. Besides, high emphasis has been placed on operational safety too.
Also, critical operations in each division such as crude throughput, projects, distillate yield, safety, quality and new areas of business development have been accorded high priority in the MOU. IOC has also committed highest ever targets for crude throughput and distillate yield.
Company Name | CMP |
---|---|
Reliance Industries | 2928.65 |
Indian Oil Corp. | 169.10 |
BPCL | 619.15 |
HPCL | 528.35 |
MRPL | 217.20 |
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