In a major achievement, Lucknow Metro Rail Corporation got clearance of Comptroller and Auditor General of India (CAG) for all their business transactions in delivering the prestigious Lucknow Metro Rail Project for the city for the financial year 2017-18 on 27th September 2018. The audited financial statements and accounts were put to the Annual General Body Meeting held on 29th September 2018 which was presided over by the Principal Secretary, Housing and Urban Planning, Govt. of U. P. and attended by shareholders of Lucknow Metro Rail Corporation.
Annual accounts of Lucknow Metro Rail Corporation were prepared and approved by the Board of Directors in 32ndBoard Meeting held in Delhi on 23rdJuly 2018 where after clearance from the Board, the accounts were submitted to CAG for their audit. CAG team thereafter examined all the accounts of Lucknow Metro Rail Corporation by deploying their team to LMRC office and scrutinized all the records. Clearance by CAG signifies the transparent and meticulous working by Lucknow Metro Rail Corporation in delivering this project of high value in a very short time.
The meeting was attended by Shri Nitin Ramesh Gokran, Principal Secretary, Housing & Urban Planning Department, Govt. of U. P. along with nominee Directors from Central Govt. and the State Govt., Shri Kumar Keshav, Managing Director and functional Directors of LMRC, statutory auditors of the company and various other stakeholders.
The Annual General Meeting concluded with applause to the Lucknow Metro Rail Project by the Shareholders praising efficient financial management of the company.
It is the fifth consecutive CAG audit of Lucknow Metro Rail Project every year, the first one been held in December 2014. LMRC has been obtaining CAG clearance every year for their financial accounts as per statutory norms.
Source : Lucknow Metro