New Delhi: Bharat Heavy Electricals Limited (BHEL) has been recognized for its outstanding financial stewardship, receiving the highly coveted ‘ICMAI National Award for Excellence in Cost Management – 2024’. The public sector giant secured the top honor in the ‘Manufacturing–Public–Mega’ category, underscoring its commitment to efficiency and sustainable growth.
BHEL’s Director (Finance), Shri Rajesh Kumar Dwivedi, accepted the prestigious accolade from Shri Bhartruhari Mahtab, Hon’ble MP, Lok Sabha, and Chairperson, Standing Committee on Finance, at a distinguished ceremony held at Vigyan Bhavan in New Delhi.
Conferred by the Institute of Cost Accountants of India (ICMAI), this national award celebrates organizations demonstrating exceptional professional expertise in cost management and pioneering leadership in adopting innovative tools and techniques. Its aim is to foster a widespread culture of robust cost management practices across the Indian corporate landscape.
This achievement marks a significant milestone for BHEL, reaffirming its dedication to making cost management a strategic pillar for operational excellence and long-term value creation. By leveraging advanced practices, BHEL continues to strengthen strategic decision-making, optimize resource allocation, and enhance overall operating performance. The award not only highlights BHEL’s success in cost innovation but also reinforces its commitment to strong corporate governance and transparency for all stakeholders.
