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69 Gujarat PSUs delay financials and ₹2.3K cr loss linked to 6 entities: CAG
The New Indian Express
|August 25, 2024
THE Comptroller and Auditor General (CAG) of India has pointed out significant issues within Gujarat's State Public Sector Undertakings (SPSUs).
Of the 101 entities, 69 delayed their financial statements, resulting in 188 overdue accounts.
Notably, 94.38% of the total profit of ₹9,927.30 crore, generated by 63 SPSUs, came from just 10 entities. Six SPSUs accounted for ₹2,276.72 crore of the ₹2,456.98 crore total loss reported by 30 SPSUs, it stated.
The 'State Finances Audit Report of the CAG for the year ending March 31, 2023,' was tabled in the Gujarat Assembly on Friday, marking the conclusion of the three-day monsoon session. The report raises serious concerns regarding the performance of the SPSUs.
This story is from the August 25, 2024 edition of The New Indian Express.
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