The performance is based on the ‘Balanced Score Card’ approach and includes financial and non-financial targets. As per DPE (Department of Public Enterprises, Govt. of India), financial parameters include targets for various parameters to reflect the size and productivity performance. Non-financial parameters include targets for parameters related to Project implementation, strategic projects/schemes of national importance, expenditure on R&D/Innovations, GeM procurement, procurement through MSMEs, expenditure on CSR activities, etc.
The evaluation of Company’s performance against the pre-defined targets is done every year and performance rating is assigned in line with the guidelines issued by Department of Public Enterprises (DPE) on the five-point scale i.e Excellent, Very Good, Good, Fair and Poor.