Press Release Details
Balmer Lawrie signs MoU 2019 20 with Ministry of Petroleum and Natural Gas 04 June 2019
Balmer Lawrie signed the Memorandum of Understanding (MoU) for 2019-20 with the Ministry of Petroleum & Natural Gas (MoPNG) on May 29, 2019 at New Delhi. The MoU was signed by Dr. M M Kutty, Secretary, MoPNG and Shri Prabal Basu, C&MD, Balmer Lawrie & Co. Ltd. in the presence of Senior Officials of the Ministry and Balmer Lawrie.
The MoU targets include revenue from operation, operating profit, return on investment with focus on capacity utilization, R&D, innovation and technology upgradation, capital expenditure, inventory management, return on investment in JVs, reduction in contingent liability and human resource management.
The MoU was signed by Dr. M M Kutty, Secretary, MoPNG and Shri Prabal Basu, C&MD, Balmer Lawrie & Co. Ltd.