RITES wins ICAI Award for Excellence in Financial Reporting

RITES Ltd., a Miniratna (Category – I) Schedule ‘A’ Public Sector Enterprise, has been awarded, winner under the ‘Plaque’ categor y at the ICAI Awards for Excellence in Financial Reporting 2019-20. RITES Ltd. has received the award under the categor y of Public Sector Entities for its Annual Report and Financial Statement for the year ended March 31, 2020. RITES’ Director (Finance) Bibhu Prasad Nayak and Chief Financial Officer Parmod Kumar Narang received the award from Union Minister of State for Parliamentar y Affairs and Heavy Industries & Public Enterprises Arjun Ram Meghwal at a glittering ceremony on Januar y 17. The award recognises accounting practices, policies adopted by RITES Ltd. for disclosure and presentation of financial statement(s) and the company’s degree of compliance with accounting standards, statutor y guidelines, regulation etc.