Singrauli/New Delhi: Northern Coalfields Limited (NCL), a Singrauli-based subsidiary of Coal India Limited (CIL), has been awarded Second Position in the prestigious 19th National Awards for Excellence in Cost Management – 2024 under the ‘Manufacturing – Public – Mega’ category. The award was conferred by the Institute of Cost Accountants of India (ICMAI) during a grand ceremony held at Vigyan Bhawan, New Delhi.
Adding to the accolades, Coal India Limited, the holding company of NCL, clinched the First Prize in the same category. Further highlighting CIL’s strong financial stewardship, Director (Finance), Shri Mukesh Agrawal, was honoured with the Best CFO Award, recognizing his outstanding contribution to cost control and financial governance in the public sector.
Recognition for Financial Excellence and Leadership
The award for NCL was received by Mr Rajneesh Narain, Director (Finance), NCL, on behalf of the company. Also present at the occasion was Shri Rajesh Kumar, Deputy GM (Finance) and Technical Secretary to Director (Finance), NCL. The recognition underlines NCL’s commitment to cost-efficiency, operational excellence, and strategic financial management in the mining sector.
Powering the Nation with Responsibility
The awards underscore CIL and its subsidiaries’ focus on disciplined financial operations and effective cost management, which have become critical pillars in powering the nation’s energy needs responsibly. Both organizations have consistently demonstrated excellence in governance, transparency, and performance benchmarking – aligning with the vision of efficient public sector enterprises in India.
About NCL
Northern Coalfields Limited (NCL) is a subsidiary of Coal India Limited under the Ministry of Coal, primarily engaged in coal mining operations in the Singrauli and Sonbhadra districts of Madhya Pradesh and Uttar Pradesh. It plays a crucial role in ensuring coal supply to power plants across northern India, contributing significantly to the nation’s energy security.
About Coal India Limited
Coal India Limited (CIL) is a state-owned Indian company that is the world’s largest coal producer. It was established in 1975 and has grown to become a major employer with a workforce of over 270,000. CIL operates through subsidiaries in 84 mining areas across eight Indian states, managing 352 mines.
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