Question : Which of the following recently achieved a ‘Perfect’ score(best amongst all CPSEs) on MoU parameters for FY21 ?
a. REC
b. NTPC
c. PFC
d. STC
Ans. a.
Related facts —
- REC Ltd recently achieved a ‘Perfect’ score(best amongst all CPSEs) on MoU parameters for FY21.
- It is Non-Banking Financial Company and a ‘Navratna’ enterprise under administrative control of the Ministry of Power.
- It has been evaluated as the highest score of 100 for FY21 for the targets and milestones set by the Department of Public Enterprises, Ministry of Finance under the rigorous and aspirational ‘MoU’ framework prescribed for the CPSEs.
- REC is the only Central Public Sector Enterprise to secure a Perfect score amongst the 123 CPSEs across 32 sectors(including power, railways, steel, mines, heavy industries, petroleum, defence among others) which were a part of the MoU evaluation exercise for the FY 21.
- REC is pertinent to mention that the power sector behemoth had registered its highest ever Net Profit of ₹8,362 crores in FY21, which was a 71% jump over the previous financial year.
- Its Net Worth also climbed by 24% to reach its highest ever at ₹43,426 crores as on 31st March 2021.
By – Pankaj Pandey