Financial Daily from THE HINDU group of publications
Thursday, Sep 09, 2004
Financial Daily from THE HINDU group of publications Thursday, Sep 09, 2004 |
||
|
|
||
|
Corporate
-
Awards & Honours HAL, BEL bag performance awards Our Bureau
Bangalore , Sept. 8 Two defence sector entities - Hindustan Aeronautics Ltd and Bharat Electronics Ltd - figure among the top 10 public enterprises rated as excellent in their performance for the year 2002-03. The awards are instituted by the Department of Public Enterprises. The HAL Chairman, Mr N.R. Mohanty, and the BEL CMD, Mr Y. Gopala Rao, received their respective `MoU awards' from the Prime Minister last week, the companies said in separate releases here. Both have signed MoUs with the Department of Defence Production (DoDP). BEL, which achieved sales turnover of Rs 2,508 crore and net profit of Rs 261 crore, well above the targets set in the MoU during 2002-03, said it had received the excellent rating consistently for the past five years. The companies are judged on the basis of turnover, profitability, value added per employee, return on net worth, inventory, debtors, new products, among others. A company release said the MoU award is given to the top 10 enterprises judged for their performance against the MoU signed with the respective administrative ministry. HAL is the largest PSE under the DoDP.
More Stories on : Awards & Honours | PSU
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|