CAG finds ₹13,678.68 crore in defective planning across 15 CPSEs

This audit examined the compliance and financial management of 15 Central Public Sector Enterprises (CPSEs) under eight Ministries/Departments for the year ended 31 March 2025. It focused on identifying irregularities, wasteful expenditures, and lapses in planning and monitoring across Energy, Industry, and Infrastructure sectors.

Central Government Companies and Corporations (CPSEs) under the administrative control of the Ministries of Coal, Petroleum and Natural Gas, Power, Finance, Heavy Industry, Steel, Tourism, and Road Transport and Highways.

• Total financial implication of audit observations is ₹20,539.40 crore.
• Defective or deficient planning involved ₹13,678.68 crore across eight paragraphs.
• Inadequate or deficient monitoring involved ₹5,900.81 crore across four paragraphs.
• Non-safeguarding of financial interests involved ₹609.70 crore across seven paragraphs.
• Non-compliance with rules and directives involved ₹350.21 crore across four paragraphs.
• Central Coalfields Limited incurred avoidable expenditure of ₹7.84 crore due to violation of Forest Regulations.
• NLC India Limited incurred avoidable interest expense of ₹14.51 crore on excess collected energy charges.
• South Eastern Coalfields Limited incurred a loss of ₹8.62 crore due to contract management lapses and lost an opportunity to earn ₹35.74 crore in additional revenue.
• Indian Oil Corporation Limited incurred infructuous expenditure of ₹32.02 crore on infrastructure creation due to lack of comprehensive analysis.
• 11 CPSEs recovered ₹60.02 crore at the instance of Audit during 2024-25.

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