Team Goemkarponn
VASCO: The Goa Shipyard Limited (GSL) has been conferred with two prestigious awards at the 19th National Awards for Excellence in Cost Management & 8th CMA Awards 2024, organised by The Institute of Cost Accountants of India (ICMAI), held at Vigyan Bhawan, New Delhi.
The awards were presented by Lok Sabha MP and Chairperson, Committee on Finance Bhartruhari Mahtab.
GSL was adjudged the Winner (1st award) for Excellence in Cost Management – 2024, under the category of Manufacturing – Public – Medium, reinforcing the company’s financial prudence, cost optimisation, and value creation in the defence shipbuilding sector.
Adding to this moment of pride, GSL Director (Finance) Sunil S. Bagi was also honoured with the Best CMA CFO Award – 2024 for the category (Public Manufacturing- Medium) in recognition of his leadership in financial strategy, governance, and cost management practices at GSL.
The GSL stated that the two prestigious recognitions underscore its enduring commitment to financial excellence, strategic cost leadership, and its consistent efforts to drive innovation and efficiency in support of the nation’s defence preparedness.
Expressing heartfelt gratitude, Bagi said, “This recognition is not just an individual honour but a testament to the collective vision and dedication of the entire GSL team. GSL remain committed to transparency, efficiency, and nation-building through financial and operational excellence.”
