MEMORANDUM OF UNDERSTANDING 2019-20

Between

Mumbai Railway Vikas Corporation Ltd And

Ministry of Railways (Railway Board)

m $ m R m m l 5 m . * * , * * m m , m $ 9 3

Mumbai Railway Vikas Corporation Ltd, 2"d Floor, Churchgate Station Building, Mumbai

4 2019 May 2019

mb SF. No.

1

2

3

RFhfmlGradE Financial Performanoe Criterla

F- Turnover ~ t m m e T @ m mffw#iwn$3mtqa kdlpgmR) Revenue from Operation (Earning from sale of services only i.e. D&G chams etc.)

-m/m operadug Proflt/loss

? i m m $ * m * m Gm (S m, mmim MT

mR-ma@T**w ~ & ~ m l ~ CPSEs with opemting profit [Profit/Surplus before mx excluding other income, -ordinary and Exceptional Items] m / 3 m m ~ & m A w a r n - * (W Opeliltlng @/surplus as a percentage of Revenue from operations [net] ~~~*~ Reduction in Operating Loss

iaarmIlRm Return on Investment

*@lsRii*mmma d- Profit Drning CPSEs with no accumutated losses a ~ m r n r n ~ l ~

-T? PAT or Surplus / Average Net Worth

F@) Total (A)

3 h Unit

K*

A Rs. in Cmre

%

9$

Mark

10

20

20

50

gf

Current Year

(EstIma&)

38.35

Rs. 7.95 crore

10.42

W l q & b s 5

( m t = F v ~ e s t In 'yeBPS

31.53

19,20

ST'= %

improvement

1.69%

0.00

d 2019-2Ot

EacPllor t lM%

42,OO

100%

10.50%

MOU Target

Guod 80%

39,00

50%

10.42%

Lr the year

Go& 60%

36.00

30%

7.60%

201920

m 4 ~ ~ 4 h ~ m w r * Fair 40%

33.00

20%

6.50%

Poor 20%

30.00

10%

5.00%

mia *No

1

3

4

5

- {I)

1")

("'1

(1~)

fhhm=marmia FinanchlPwhmance

Wterla

m wr 3 W i m I m I

-/mim e C a ~ a c w ~ t ~ ~ ~ s a t i o n l Production / Generation / Transmission, etc.

a - 4 f ~ m c ; r * ~ New orders Received during the year

m a w - 4 r r f ; r a m f ~ A E h k E~ports as a percentage of Revenue from operations

b r n m m c * m m * w * m m Dwelopment or Rmnue fmm new products or product with new features

~ 4 W a l ~ Any Production Efficlen*, parameter

w 3mamd

for MUTP Ill

-*v --iw - e m (hMIJ Addltlonal Land Acquisition (Possession) as per targeb flxed by the Admn. Mlnistry

m& ziqiqq

e m m T m * q m ~ m m * Resettlement & Rehabilitation - as per targets flxed by the Administrative Ministry

T q p I l l f m m

-ed- Award of Work for General Consuttan~y for MUTP-Ill

3-

* W * d

(*-I *qim-) Construction work at Arnbernath & Badlapur Station (0s p r Annexun-1)

r

qp Unit

%

%

i33-k Date

%

nis Mark

2

2

2

2

mqaf

Current year

[Estlmatej

d i m 5

Best in 5 war#

T* Not Applicable

a"T* Not Applica ble

T* Not Applicable

T* Not Applicable

100

100

30.09.19

100

%tdaR %

improvement *

m 4 ~ 1 8 2 0 P ~ w q h ~ m m MOU Targc for the year 2019-20

85

85

31.10.19

80

~xcellpmt v 100%

Tlansr Very ~ o o d 80% 60%

80

80

30.11.19

60

I?& 40%

75

70

31.12.19

40

Poor 20%

70

60

31.01.20

30

- Sr No

- {v)

- Ivll '

-. 6

-. (11

-" (i i)

- (iii)

- 7

FInancial Performance Criteria

kq*l;r*k R?ift-*- shr&krq*f* m m & T f Award of tender for earth work and major/minor bridges for Virar-Dahanu Section

h-m-%* --@IT* hemT w h Award of tender for Vaitarna (Important) brldge for Virar-Dahanu smxion

mT-t8la;gtt * I t

-a* Complntlon of milestone of cllents ordero / agreemcntl wRhout time m m n

n m +nm ai q * g t j r * *

ijTmimQR&T *- Construction and cornmiss - loning of remaining FOBS In Mumbai area as per Administmtiue Mlnlstry

7iPt R?rr - 5a w 6% * - ( 3 f & * 2 * - Thane Diva - 5th & 6th line- (Marks obtained as per Anncxum-2)

m &I7 Tr m ( * 3 9 m - 3 * 3 y T Construction of Diiha Statlon { Marks obtained as per Annewred)

q i m Q i b m , a a d m -

mk Date

rn Date

- 3 k Marl

- 2

- 2

m7qd d k 5 4f 201820 f (m MOU T a m for the year 201 9-20

%tdmr %

current Best111 5 JrWT * ~ r o ~ m e n t Year Y W n Exceltent V e r y h d G o d Fak Poor

[&timace] 100% 1% 60% 40% 20% 31.10.14 15.11.19 30.11.19 15.12.19 31.12.19

Completion of consultancy Study for Consulting

I

m Date

m i W Sr No

( 4

( Ig

iiv)

(4

8

9

10

~ h m ~ Rnandal Performaace

C W r i a

Services for study of benchmarking (Resource Efficiency and Environmental) Perforrnanfe of Mumbai Suburban Rallway System.

rn mdl * m * $i

m t ~ ~ * ~ ~ 4 t ~ w!r*vwr mmpletlon of consultancy study for exploring of leasing market for rolllng stock for Mumbai Suburban Rallway System

lm@ Ill t mK- s i q 3fh dI7 -h

~ t ~ $ m $ l ~*~~ *3th3imw Survey and finalisation of plan for EHV crossing for MUfP 3 corridor for Virar- Dahanu and Panvel-Karlat * 3th h 3i;Bi: * m m 3mnPmanRm* Utilization of satellite based solution for project survey and data collection

C W p 111 3th 3F * am MEIT * am a#Elmtffrn* m m m s h Utllization of Drone

technology for new line pro]~EtS are planned under MUTP 3 & 3A

* a t s r f i @ l Increase in market share wwr CAPEX

a m a 4 f * m * I @ & * - m4amiI qzk * F w a = -*F m ~ ~ K K g l m

aaTarhm*** I

Percentages of value of CAPEX contracts/ proJeFtr

q 3 E Unit

&qiqi Date

EWE Date

j&qiai Date

f$lk Date

h Mark

2

2

2

2

T* cm Current

Year (Estimate]

T* Not Applicable

W h S 5 - * Bestin 5years

ST'= %

improvement

8$

Excellent 100%

31.01.20

31.12.19

30.06.19

30.06.19

-Prim 2019-20

'Btgi Fah 40%

15.03.20

15.03.20

15.08.19

15.08.19

2019-20 /i MOU Target

lWT Very Good

80%

15-02-20

31-01-20

15.07.19

15.07.19

q* Not

-

P m 20%

31.03.20

31.03.20

31.08.19

31.OB.19

* for the year

60%

28.02.20

28.02.20

31.07.19

31.07.19

Applicable

running/ completed during the year without time/ cost overrun to total value of CAPEX contracts running / m m p l e t ~ d durlng the year

m m m * m m ( ~ t T M * X 9 1 3 m*mrirrd* mi** Inventory of Rnlshed goods and work in progress to Revenue from operations (Net)

T k m T * r n * ~

* a * * * fi-m Reduction in inventory of more than one year old to Revenue from Operations

IN&) - R l f 2 5 T d t m *

m) Trade receivables (Net) as number of days of Revenue from Operations (gross)

4 M t * m m & i f i - f w w * w ~d'm*rn

Reduction in claims againsl the Company noi acknowledged as debt-overall

q m w * * w i ; l l s T W I m m

m Return (share of profltllossl on Investment in JV

a i p 5 4 m R M m m-Q** rn*&p@- Milestones with re$w to subsldlary CPSEs not dgnlng MOWS sepamtely

F m W r n * m*$mm Parameters pertaining to milestones of Revlval

m m m w i i l b b f b r HRM related parametem

+ 4 * * - s r s T p

*w-T=

V P Untt

hdld * T i m

No. of Param Qters

- 3iF Marl

-

Ulqd d b 5 d 2019-20 t f3T mqlhr Tm7 rn MOU Target for the year 2019-20 %

I I I I 1 I

T* Not Appllmble

Not ~ ~ i l l c a ble

Not Applicable

a"T* N o t Applicable

T* Not Appllca ble

w* Not Applicable

- *No

("1

{iii)

(i)

m-* F l ~ n c i a l ~ m a n c e

Criterla

Achievement of HR paameter of continuous nature as per list glwn - A n m m 4

r-m-f m4m~wmai * * d w # t ~ f s l d Z m Y r n ~

m lnitiatlng Mentorship Program for Women Employees for work life balance as well as leadership development

sftswm +?T ( G b k

-w-* Tlwm m * q m w m i l * e P h * f m v * * ~ m a T ~ , f %

? F m m A 3 = M 7 *

rnmrt5**~, a'rFmThT*m*

*d@mmml

sRM,7h*- .kmiq$md e Assessment of level in line wlth ProJect Management Maturity Model (Pro MMM) or equivalent in the CPSE and placing the matter M o r e the Board for taklng a dedslon whether to go for up~radation in level and, if yes, getting the approval for the btmellnes from the Board. If not, justifiable reason to be recorded In the Board Resolution

f 9 f t i a R r t t a m d U

-* *- Any Other semr spccsflc result oriented measurable pammetm

*& A h q*--h + 47

m X m r m a T 3 k

qp Unit

d?r

NO-Df lnltlati -Yef

~~3 Date

ak Mark

2

Villages

v* (m Current

Year (Estimate]

1

- 5

am f Best in 5 -

-

% W %

improvement *

a+

Excellent 100%

6

31.01.20

47

2019-zo* MOU Target

- w J a - J F m Very Good

80%

5

15.02.20

43

tau lw@al for the year

Good 60%

4

28.02.20

39

rn 2019-20

* Fdr 40%

3

15.03.20

35

mv

mmw PoDr 20%

2

31.03.20

31

- Sr NO

(1)

1 )

f%5hB-miS FinadalPorformance

Cdterill

m m Preparation and submission of Land Acquisition proposal for (1SMT-Panvel and Panvel Vlrar Villages { 47 Villages)

(55 Rdr) 4;3i;iS.4- ~~~ XmramT Preparation of detailed utility survey report in respect for QMT-Paml (55 krn)

-+&q & * fam a m * - (125 Power supply plan for CSMT-Panwl and Panvel

g32 Unit

Date

Date

(iv)

(4

-

-

-

3k i Mark

1

1

e 35

fat! fa@ 43 &r$ f -*-p* faFrn&*w 2;rr Finalisation of tender for earth work and major/ minor bridges for Panvel- Karjat section

%i&i+izh &nEr 4 wt!$mT*rnm &t&fimrntm Finalisation of tender for flyovers In Panvel-Karjat sectlon

Total {B]

30.11.m

30.11.19

a 4 (m Current

Year pstlmate]

-

-

&~h Date

f&k D*

15.12.19

15.12.19

2

a

50

a4-5 #

Best in S ymm

31.12.19 15.01.20 31.01.20

31.12.19

%F 36

~ r o v e m e n t *

d z o l % 2 o t l k ~ m ~

15.01.20 31.01.20

=IF ExeeUent

100%

31.12.19

31.12.19

-----

MOU Target

v- Very Good

80%

31.01.20

31.01.20

for the year - Gwd MI%

15.02.20

15.02.20

2019-20

* Fair 40%

29.02.20

29.02.20

mwr Poor 20%

15.03.20

15,03.20

* ? h 6 6 0 m % f ? W , W T m $ T 0 ~ 3 d % F T f $ ; m ~ $ l * For balance 660 Sq.M., Land Acquisition (road) from Municipal Corporation has to be done.

* * ~ & 7 ~ r n R T m t Construction at Ambernath & Badlapur Station

3mi;i; SI.No.

1

2

3

4

fam Dwcription

3 k r v n w m r ~ Ambernath New Platform

3 k ~ m T p r 3 W r

Ambernath COP

~ i ' ; m r - Badlapur New Platform

3 h ~ W l v 1 1 & Ambernath type II quarter

Total

F* Total Scope 2,160 Sq.M.

2,160 Sq.M.

2,160 Sq.M.

16 Units

m Quantity

2,160 Sq.M.

2,160 Sq.M.

1000Sq.M. *

50% progress

Marks 35

20

35

10

100

3 q m - 2 Annexure - 2

&-fh Thane-Diva

~ w T m a m r $ r m ~ ~ ~ ~ * 9 , * d f t r n = 01.04.2019 d h $FIT @) x S n h m100

I t was clarified that the actual achievement would be waluated as follows: Actual Achievement = % completion of balana scope as on 01.04.2019 (A) x Welghtage (B)/100

$1. No.

I

2

3

4

5

6

7

8

9

10

* Unit

cum

Nos

cum

Nos

Length

km

km

Rkm

Nos

Nos

Item

3FM Earthwork

-W

m Construction of platforms

a k ~ Ballast

m m m r m ~ RRI/SlgnalIlng Installation work

m Rail FLy Owr

*el%T Track Linking

3 i k I d 3 ~ Overhead Equipment

m~ awlkm4 Slgnalljng 8(

Telecom Works

CRS Sanction

h-m md* dalmT Non-Interlocking (MI) Working Commissioning

!jm * Total Scope

173000

6

70000

2

1400m

19

19

9.5

1

2

a4 18 * * * - m Q h t o b e ~ m ~ l ~ b ~ M ~ ~

100000

2

20000

2

2

2

F/r&l

fhiT

Ot.M.18 m

&R Balance

*pe ps

01a.2018

73000

4

MOOO

2

10096

17

17

7.5

1

2

mh O1.0419

a;A*

d (p.)

Balance - as on O l d k Z O 1 9

(A1 13000

2

zoow

1

700m

12

12

7.5

1

2

2019-20

K m Tars- for 2019-a

13000

2

20000

1

700m

12

12

7.5

1

2

2019-20

* m m @ # e f f aldmn m

Qwto be completed In M19-20

100%

100%

10096

100%

lOWg

1 W

m h

rn W=lOtnaae

In %a8e lB)

10

10

5

10

15

10

10044

1m

100%

100%

10

10

5

15

lm

3lq-m-4 Annexure - 4

HR Parameters

SI.No. (i)

(ii)

(iii)

(iv)

(v)

(vi)

(vii)

Parameters ~ s l l u r l a n l @ ~ P $ i m * * ~ - ~ + 5 " ~ m r n ~ r n m m + w ~ ~-~ ?r;r 3 1 l

On line submission of ACR/APAR in respect of all executives (EO and above) alongwith compliance of prescribed timelines 3 1 t R ~ ~ ~ 3 t h m ~ ) ~ ~ * ~ ~ ~ j m s R ~

On line quarterly vigilance clearance updation for all Senior Executives (AGM & above).

e h r n x @ h m m ~ A ~ ~ m i m q ~ ~ ~ q $ m Updation of succession plan and its approval by Board of Directors.

~ d R ~ ( ~ o ~ ~ - ~ s r ) ~ ~ # r h f h ~ ~ ~ ~ Holding of DPC in all cases without delay for Executive (EO &Above level).

l o % * - * ( b o * * W m * ~ * k * ~ , * , ~ , ~ ~ ~ ~ ~ w v i ~ ~ m ~ * * ~ ~ z j ~ Talent management and carrier progression by imparting atleast one week training of at least 10% Executive (EO & above) in Center of Excellence (within India) e.g. IlTs, IIMs, NITS,

ICAI etc. & ? ~ ~ ~ ~ ~ ~ ~ ~ ~ T W $ T ~ ~ I

Regular updation of online Human Resource Management System (HRMS)

wm(58)af ~ ~ 3 i ~ ~ ~ ~ ~ ~ ~ 3 h f d ~ ~ f l f M m ~ ~ rn3ma;rWThl

Review and its implementation of employees performance on the lines of FR (56)j and submitting a compliance report to Board of Directors at the end of the year.

.HHSllrll WIT * mff m z d * m d*lilcbl* 3#i f 3mmr m 2FT 3mez5k m /rnhsrsr2rnrn ~ ~ m ~ ~ ~ ~ * m ~ ~ s F t 2019-20 * EW 3WRITT &V WT WIdER M 7lVIT. In working out achievement for the year 2019-20 quantified qualifications of CAG/Statutory Auditors would be adjusted in case of overstatement of revenue / profit / surplus or understatement of loss / deficit in addition to the negative marks prescribed in MoU guidelines,

~ ~ @ R ~ r n ~ m m T ~ ? F t i t f t m r r p i l m r f t ~ 4 3 q m ~ a ~ 1 ~ i f i ~ - ~ ~ r ~ i k - ~ 1 ~ ~ ~ ~ ~ m m m q h 4 m ~ 8 ~ r n ~ m t . It was agreed that targets decided in MoU are unconditional and no offset will be allowed. Further evaluation would be subject to compliance of additional eligibility criteria as contained in MoU guidelines.

*,m* $7;r*]rnrn (Sushant Kumar Mishra) Secretary, Railway Board

Ministry of Railway Government of India

(m - qm m e 5 T + T m m

*m- *mR. (R S Khurana)

Chairman and Managing Director Mumbai Railway Vikas Corporation Ltd.

Place: 7$ f?F& New Delhi

f M m w h d w W C ( I I Y I Q r l ~ ~ m m n m h Exercise of enhanced Autonomy and delegation of Financial Powers

1. mnhV,m*Xrrr%$i3tm$Tim@Wu imRsi 1 As applicable to similar MoU signing Schedule 'A' companies of Govt. of India.

2. m ~ i : * m l o * * * t ~ a h m r n l ; r / * ~ * ~ m a R 1 4 i ~ ~ m m ~ ~ ~ m * w ~

2. Powers to sanction works urgently required by Zonal Railways towards realization of stated mission/objeaives costing up to Rs. 10 crores for each item.

~ m r z ? m r * ~ ~ i i i m i i c i f * i f t - ~ : Action plan for implementation and monitoring of the MoU:

43 alwi'r. The performance of MRVC will be reviewed against the targets given in this MoU once in six months by the Ministry of Railways.

twiTm,rnm (Sushant Kumar Mishra) Secretary, Railway Board

Ministry of Railway Government of India

'- Date:

(m - m + * m m

@ M k W n A (R S Khurana)

Chairman and Managing Director Mumbai Railway Vikas Corporation Ltd.

REf Place: 7$ New Delhi

~ ~ ~ - ~ / ~ Selfdeclaration/certification by CPSE

It is hereby certified that the targetslactual achievements in respect of MoU parameters have been worked out as per MoU guidelines by adopting the norms and definitions as laid down in MoU guidelines for the year 2017-18 and onwards. In case, any deviation is found at any point of time, OPE is free to evaluate the performance as per MoU guidelines. CPSE has no right of claim in this regard.

t

& Date:

Place: 4 New Delhi

(J~T( - * J r n r ~ @ r n m m

~ M ~ ~ w f 3 . (R S Khurana)

Chairman and Managing Director Mumbai Railway Vikas Corporation Ltd.