RITES wins National Award for Excellence in cost management

New Delhi: RITES Limited, a leading transport infrastructure consultancy and engineering company, has been conferred the first position under the 'consulting category' at the 17th National Awards for Excellence in Cost Management-2019.

The award, presented by the Institute of Cost Accountants of India (ICAI), a premier cost and management accounting body of the country, recognised the efficient and innovative cost management techniques adopted by RITES Limited.

On this occasion, Director (Finance) BP Nayak said, "cost efficiency, along with resource management, is one of the core strategies of RITES and this award is testimony to it. I congratulate the RITES team for being agile and innovative towards the ever-changing business needs."

Through this award, the ICAI continues to promote, recognise, and reward pioneer efforts of the corporates in cost management.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)