State-owned power company gives shock to PSU profit in Chhattisgarh

CAG pegs PSUs' loss at Rs 1,108.05 crore

Chhattisgarh’s state public sector undertakings (PSUs) have incurred a loss of Rs 1,108.05 crore, with state-owned power company accounting for a major part. During the period (2015-16), out of the 22 working PSUs (in Chhattisgarh), 12 earned total profit of Rs 488.93 crore and eight PSUs incurred total loss of Rs 1,596.98 crore, the Comptroller and Auditor General (CAG) report on PSUs said. Since 2012-13, the state PSUs are running in loss though it had reduced slightly as compared to previous financial year.

In 2014-15, the Chhattisgarh PSUs incurred a loss of Rs 1,232.64 crore. “The losses (in 2015-16) were