EIL signs MoU for 2016-17 with Ministry of Petroleum & Natural Gas
EIL signed the Memorandum of Understanding (MoU) for 2016-17 with the Ministry of Petroleum & Natural Gas (MoP&NG) on July 6, 2016. The MoU was signed by Shri K.D Tripathi, Secretary, MoP&NG and Shri Sanjay Gupta, C&MD, EIL in the presence of EIL Functional Directors, Government Director on EIL Board and other senior officials of the Ministry and EIL.
The MoU targets include performance parameters related to turnover, operating profit, new business secured, Technology upgradation etc. with a focus on profitability and sustainable growth incorporating new parameters and weightages for evaluation of performance.