ICWAI National Award of Excellence in Cost Management to IRCTC

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INVC,,

Delhi,,

Indian Railway Catering Corporation Limited (IRCTC) received the prestigious ICWAI National Award of Excellence in Cost Management-2009 in the “Public – Service Sector – Medium” category. Shri Rakesh Kumar Tandon, Managing Director/ IRCTC along with ,Shri Vishwa Ranjan Gupta, Director (Finance), Shri M. P. Mall Group General Manager (Finance) and Shri Rakesh Gogia, Company Secretary received the award from the Hon’ble Union Minister of State for Corporate Affairs, Shri Salman Khurshid at a glittering ceremony at the SCOPE Complex,  New Delhi, on 8th July 2010.  Also present on the occasion were Shri R. Bandyopadhyay, Secretary Ministry of Corporate Affairs and a host of guests from the corporate world.

Credentials for the award were evaluated by 15 Member Jury of eminent professionals led by Justice J.S. Verma, Former Chief Justice of India. The Jury critically evaluated IRCTC’s efforts in bench marking fuel consumption, standardization of recipes, long term agreements with suppliers, dexterous redeployment of manpower and enhancing the competitiveness through vigorous training, quality improvement at introduction of basket system of procurement to reduce inventory holdings, etc. The efforts at cost reduction and control, regular cost review meetings at different levels, use of six sigma technique/ TQM and adoption of Enterprise Risk Management have also worked in favor of IRCTC.


 Shri Rakesh Tandon, Managing Director of Indian Railway Catering Corporation Limited received the ICWAI National Award of Excellence in Cost Management for the year 2009 in the “Public – Service Sector - Medium” category from the Hon ’ble Union Minister for Corporate Affairs, Shri Salman Khurshid. Also seen in the picture is Shri Vishwa Ranjan Gupta, Director (Finance), IRCTC.
Shri Rakesh Tandon, Managing Director of Indian Railway Catering Corporation Limited received the ICWAI National Award of Excellence in Cost Management for the year 2009 in the “Public – Service Sector - Medium” category from the Hon ’ble Union Minister for Corporate Affairs, Shri Salman Khurshid. Also seen in the picture is Shri Vishwa Ranjan Gupta, Director (Finance), IRCTC.

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