The FACT Engineering and Design Organisation (FEDO), the engineering design wing of FACT, has been converted into a separate profit centre with operational independence.
Jaiveer Srivastava, Chairman and Managing Director, announced the board’s decision to make FEDO a separate profit centre with enhanced powers.
The board-approved business plan was handed over by the CMD to K.V. Sukumaran, General Manager, and K.T. Mariamma, Joint General Manager, at the function.
The future plans for FEDO comprises setting up business centres at Delhi, Mumbai and Baroda and in other strategic locations in the Gulf countries. Recruitment to augment the human resource potential of FEDO is also under way.
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