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RITES wins National Award for Excellence in cost management

Gurugram, April 22, 2022: RITES Ltd., 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 Ltd.

Mr. B. P. Nayak, Director (Finance), RITES Ltd., said, “Cost efficiency, along with resource management, is one of the core strategies of RITES and this award is testimony to it. I congratulate 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.

About RITES Limited:

RITES Limited is a Miniratna (Category – I) Schedule ‘A’ Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. Company has an experience spanning 47 years and has undertaken projects in over 55 countries across Asia, Africa, South America, and Middle East region. RITES Limited is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia).