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

It focused on identifying irregularities, wasteful expenditures, and lapses in planning and monitoring across Energy, Industry, and Infrastructure sectors.

Who it concerns: 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.

What the auditor found

• 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.

Also in the document

• CAG reported that defective or deficient planning was the largest category of financial impact, involving ₹13,678.68 crore.
• CAG noted that South Eastern Coalfields Limited lost an opportunity to earn ₹35.74 crore in additional revenue due to monitoring lapses in coal supply.
• CAG found that Indian Oil Corporation Limited spent ₹32.02 crore on infrastructure that was deemed infructuous due to a lack of comprehensive analysis for BS-VI compliance.