OREANDA-NEWS. April 04, 2012. Hindustan Petroleum Corporation Limited has entered into the Memorandum of Understanding with the Ministry of Petroleum & Natural Gas for the financial year 2012-13.

MoU was signed by Shri S.Roy Choudhury, C&MD of HPCL, and Shri G.C. Chaturvedi, Secretary, Ministry of Petroleum & Natural Gas, recently.

MoU targets are set as per DPE guidelines and approved by DPE/Task Force, in consultation with administrative Ministry. MoU is an effective tool for monitoring the performance of CPSEs.