RITES wins SAFA Award for Best Presented Annual Report

Gurugram, November 12, 2024: RITES Ltd., a Navratna Public Sector Enterprise, has been awarded the ‘Best Presented Annual Report 2023’ by the South Asian Federation of Accountants (SAFA) and The Institute of Chartered Accountants of India (ICAI).

The company won the ‘Certificate of Merit’ in the ‘Infrastructure and Construction’ category at the SAFA Best Presented Annual Report Awards, Integrated Reporting Awards & SAARC Anniversary Awards for Corporate Governance Disclosures Competition 2023 ceremony, held in Colombo, Sri Lanka, on November 11, 2024.

Join PSU Connect on WhatsApp now for quick updates! Click here

Read Also : Karur Vysya Bank inaugurates 4 new branches today

The awards under various categories are conferred based on the evaluation by a SAFA committee for improvement in transparency, accountability & governance, of the published annual reports of businesses from South Asian Countries. This recognition underscores RITES' commitment to high-quality financial disclosures, stakeholder accountability, and strict compliance with accounting standards and statutory guidelines.

Read Also : Defense Stock, BEML surges over by 4.2%, here is price target for PSU stock

About RITES Limited:

RITES Limited, a Navratna Enterprise, is a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company has an experience spanning 50 years and undertaken projects in over 55 countries in Asia, Africa, Latin America, South America, and Middle East region.

Read Also : Indian Overseas Bank to receive Rs 1,359-crore income tax refund