New Delhi: Bharat Heavy Electricals Limited (BHEL) has been honored with the distinguished ICMAI National Award for Excellence in Cost Management – 2024 in the Manufacturing–Public–Mega category. The award was received by Shri Rajesh Kumar Dwivedi, Director (Finance), from Shri Bhartruhari Mahtab, Member of Parliament and Chairperson of the Standing Committee on Finance, at a ceremony held at Vigyan Bhavan, New Delhi.
Award Highlights Exceptional Expertise and Leadership
The National Award for Excellence in Cost Management, presented by the Institute of Cost Accountants of India (ICMAI), recognizes organizations that demonstrate exceptional professional expertise in cost management. It honors those who lead with innovative tools and techniques, promoting a culture of cost management across the Indian corporate sector.
BHEL’s Commitment to Sustainable Growth and Operational Excellence
This recognition marks a significant milestone for BHEL, highlighting the company’s dedicated efforts to make cost management a strategic priority for sustainable growth. By adopting advanced cost management practices, BHEL continues to strengthen strategic decision-making, optimise resource allocation, and improve overall operational performance.
Driving Value Creation Through Cost Innovation
The award celebrates BHEL’s achievements in cost innovation and reaffirms its commitment to transparency, corporate governance, and long-term value creation for stakeholders. BHEL’s success reflects its ongoing pursuit of operational excellence while maintaining robust financial discipline.
About BHEL
Bharat Heavy Electricals Limited is an Indian central public sector undertaking and the largest government-owned electrical/ industrial technology company. It is owned by the Government of India, with administrative control under the Ministry of Heavy Industries. Established in 1964, BHEL is based in New Delhi.
