RITES Limited, the leading transport infrastructure consultancy and engineering firm, has been awarded the ‘ICAI Award’ (Silver Shield) for Excellence in Financial Reporting 2021-22.
Shri Daya Shankar Mishra, Hon’ble Minister of State (Independent)-Ayush, Govt. of Uttar Pradesh, and Shri Dayashankar Singh, Hon’ble Minister of State (Independent)-Transport, Govt. of Uttar Pradesh, presented the award to RITES’ Director (Finance) Shri B.P. Nayak & General Manager (Finance) Shri Anjeev Kumar Jain at a ceremony in Varanasi.
The award was conferred on RITES by The Institute of Chartered Accountants of India, the national professional accounting body of the country. It recognizes the accounting practices, policies adopted by an organization for disclosure and presentation of financial statement(s) and the company’s highest degree of compliance with accounting standards, statutory guidelines and regulations.
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. The company has experience spanning 48 years and has undertaken projects in over 55 countries across Asia, Africa, South America, and Middle East region.