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    <title>SPMCIL Inks MoU with the Government setting Sales Target of Rs.3050 Crores for the Financial Year 2012-13.</title>
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    <description>A Memorandum of Understanding between the Government and SPMCIL sets a sales target and incorporates DPE-recommended performance parameters emphasizing profitability, market and product diversification, resource optimization, and project implementation. The MoU adds new evaluation criteria for Research and Development, Sustainable Development, Corporate Social Responsibility, Corporate Governance and Human Resources Management, and records commitments on customer satisfaction, innovative practices, international tender participation, and environment and safety standards, aligning the Miniratna company&#039;s operational, R&amp;D and CSR activities with its annual performance framework.</description>
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