Welcome, Sunday, Jun 7, 2020

The Norms for the Discharge of Functions

While carrying out its day-to-day operations, STC tries its best to adhere to the commitments made in the contracts entered with the other parties with regard to quality, quantity, delivery schedule, timely payment etc. The Corporation accords highest priority to timely settlement of accounts of its trade partners. 

STC enters into an MOU with the Department of Commerce, Ministry of Commerce & Industry, Government of India every year. The MOU contains the performance criteria on which performance of the corporation is evaluated at the end of the year. The MOU also indicates targets and comparative weights for each performance criteria. The performance evaluated at the end of the year is done on a five-point scale, 1 representing ‘Excellent’ & 5 representing ‘Poor’.

The Corporation constantly strives to achieve the best possible MOU rating.