MoU

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.

In the search of improving accountability and giving higher operational autonomy to Public Sector Undertaking, the Department of Public Sector Enterprises (DPE) Government of India introduced the concept of Memorandum of Understanding (MoU) in early nineties. The new Industrial Policy of 1991 made it mandatory for all PSUs to enter in to MoU with their respective Administrative Ministries. The MoU over these years has gained significant improvement from the fact that it reflects the company’s overall composite rating and secondly the performance of the Chief Executive of the company is partly seen through MoU. The strengthening of existing system of monitoring PSUs through MoU is an important element of the present policy of the Government.

The Company has signed MoU with DoF for the year 2016-17 on 30th Jun, 2016.

NFL started signing MoU from the year 1991-1992 and has been getting Excellent rating for most of the years. NFL's MoU rating from 1991-92 to 2014-15 is given below

MoU   RATING:

YEAR

RATING

2014-15

Very Good

2013-14

Very Good

2012-13

Good

2011-12

Excellent

2010-11

Excellent

2009-10

Excellent

2008-09

Excellent

2007-08

Excellent

2006-07

Excellent

2005-06

Excellent

2004-05

Excellent

2003-04

Excellent

2002-03

Excellent

2001-02

Excellent

2000-01

Excellent

1999-00

Very Good

1998-99

Good

1997-98

Very Good

1996-97

Fair

1995-96

Excellent

1994-95

Excellent

1993-94

Excellent

1992-93

Excellent

1991-92

Excellent