RailTel wins SAFA Award for its annual report

New Delhi: RailTel Corporation of India Limited (RailTel) has received the Best Presented Annual Report (BPA) Award for the year 2021 instituted by the South Asian Federation of Accountants (SAFA). The annual report of the RailTel won the "Certificate of Merit" in the category 'Infrastructure & Construction Sector.'

The SAFA BPA Award for the "Best Presented Annual Reports" is considered as the most prestigious accolade for financial reporting in the South Asian region and signifies SAFA's recognition and reward for organisations in the region which have achieved excellence in presentation and disclosure of high-quality, relevant, reliable, and objective financial statements in accordance with the international framework.

The award ceremony event was hosted by the Institute of Chartered Accountants of Nepal (ICAN) in Kathmandu on December 18, 2022.

The RailTel team led by its Director (Finance) V Rama Manohara Rao received the award on behalf of the company from Auditor General, Government of Nepal Tanka Mani Sharma Dangal. The other members of the RailTel team including Executive Director (Finance) HC Batra and General Manager (Finance) Madhulika Pathak were present on the occasion.

The Awards under different categories are conferred on the basis of evaluation administered by SAFA's committee for improvement in transparency, accountability and governance, of the published annual reports of entries from South Asian countries.

SAFA was formed in the year 1984 to serve the accountancy profession in the South Asian Region and uphold its eminence in the world of accountancy. SAFA represents over 375,000 accountants having membership in the national Chartered Accountancy and Cost and Management Accountancy Institutions in South Asian Countries. SAFA has been organising Best Presented Annual Report Awards since the year 1997 in various categories.

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