Balmer Lawrie signs MoU 2020-21 with Ministry of Petroleum & Natural Gas


Balmer Lawrie signed the Memorandum of Understanding (MoU) for 2020-21 with the Ministry of Petroleum & Natural Gas (MoPNG) on November 20, 2020 at New Delhi. The MoU was signed by Tarun Kapoor, Secretary, MoPNG and Adika Ratna Sekhar, C&MD, Balmer Lawrie & Co. Ltd. in the presence of Senior Officials of the Ministry and Balmer Lawrie.

The MoU targets primarily include revenue from operation, operating profit, PAT to average net worth, R&D, innovation and technology upgradation, capital expenditure, Inventory and trade receivable management and enhancing procurement through GeM (Government e-Marketplace) portal.