At the 15th National Awards for Excellence in Cost Management organised by the Institute of Cost Accountants of India in New Delhi on October 16, 2018, L&T won the top prize in the Infrastructure and Construction Services category.

On behalf of L&T, Mr. Anil K. Mehta, Head Finance & Accounts - L&T MHPS Boilers received the award at the hands of Hon’ble Union Minister of Railways and Coal Shri Piyush Goyal.

The Institute of Cost Accountants of India, a premier Cost and Management Accounting institute, is a statutory body set up under an Act of the Parliament viz., Cost and Works Accountants Act, 1959. It had instituted the National Awards for Excellence in Cost Management in the year 2003 to recognize and honour those organisations which succeeded in their business by applying cost management practices and innovative techniques of cost management.

The award questionnaire is evaluated by an independent rating agency (CARE Ratings Ltd) and reviewed by a Screening Committee headed by Mr S. Suresh, Member (Finance), Airports Authority of India. Recipients of awards under various categories are selected by a Jury comprising persons of eminence from industry, government, judiciary and CMA profession.