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SAIL under auditors' scrutiny post losses
Mint Chennai
|July 30, 2025
The national auditor has flagged serious lapses in inventory management at state-run Steel Authority of India Ltd (SAIL), including production losses, excess procurement, and blocked capital worth ₹12,743 crore.
In a performance audit report tabled in Parliament on Tuesday, the Comptroller and Auditor General (CAG) said, "SAIL's inability to maintain stock norms and streamline procurement and sales processes caused inefficiencies across its plants during 2016-17 to 2022-23."
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