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Hyderabad, July 6

NMDC Ltd has received the National Award for Excellence in Cost Management for the year 2006. It was ranked ‘First’ in the Category of Public Sector —Manufacturing Organisations for its cost management practices. The award is instituted by the Institute of Cost and Works Accountants of India. The award was conferred on NMDC for cost reduction through effective utilisation of human resources, reduction in power, fuel consumption and Selling and distributio n costs. These factors reflected in the high growth achieved by NMDC in 2005-06, according to a company press release.

— Our Bureau

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