3 days ago
- Business
- United News of India
Singareni selected for prestigious ICWAI Award
Hyderabad, June 18 (UNI) State-owned Singareni has been selected for the prestigious Institute of Cost Accountants of India (ICMAI) award.
This national level recognition has been received for cost control measures implemented by Singareni.
ICMAI, a prestigious statutory body established under an Act of Parliament, has selected Singareni for its annual national-level award.
For the year 2024, Singareni has been selected for the National Award for Excellence in Cost Management – 3rd Prize, as confirmed by ICMAI President CMA Bibhuti Bhushan Nayak.
He stated that a jury panel, led by Justice S J Mukhopadhaya, retired Supreme Court Judge, and Chairperson of the National Company Law Appellate Tribunal (NCLAT), selected the best companies, which includes SCCL.
The award will be presented at a ceremony scheduled to be held on June 23 at Vigyan Bhavan, New Delhi.
On the same day, award recipients have also been invited to participate in the 12th National Students' Convocation, to be held in the morning at Vigyan Bhavan, where President Droupadi Murmu will be the chief guest.
Singareni Collieries Company Limited (SCCL) Chairman and Managing Director N Balram expressed his happiness over Singareni being awarded third place among several mega public sector industries in the country.
He stated that this award is a recognition of the collective efforts of the employees and officers of Singareni.
Serving not only as CMD but also having rendered distinguished service as Director (Finance) for over seven years, the Mining company said in a release.
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