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CAG report tabled in Raj assembly; PSUs incurred losses of over rs 2K crores

also points to fact that as many as 12 PSUs, incorporated during 2006-07 and 2016-17, did not commence their business

In a report of Comptroller and Auditor General (CAG), it has been pointed out that as many as 16 of the Public Sector Undertakings (PSUs) in Rajasthan have incurred losses to the tune of Rs 2,808.01 crore in the financial year 2016-17.

The report has been tabled in the Rajasthan Assembly.

The report also points to fact that as many as 12 PSUs, incorporated during 2006-07 and 2016-17, did not commence their business.

The report for the financial year ending March 31, 2017,

deals with 48 PSUs

which employed around one lakh employees.

The working PSUs registered a turnover of Rs 62,186.43 crore during 2016-17, which translates to 8.29 per cent of the State Gross Domestic Product.

Further, out of 45 PSUs, 12 PSUs incorporated during 2006-07 to 2016-17 did not commence their business activities.

It turned out that heavy losses were incurred by Jodhpur Vidyut Vitran Nigam Limited (Rs 1,028.68 crore), Jaipur Vidyut Vitran Nigam Limited (Rs 615.75 crore), and Ajmer Vidyut Vitran Nigam Limited (Rs 336.69 crore).

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CAG report tabled in Raj assembly; PSUs incurred losses of over rs 2K crores
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