Even as the state-run Singareni Collieries Company Limited (SCCL) is all set to wipe out its accumulated losses with a record production of coal and profitability, the latest audit report of the Comptroller and Auditor General of India (CAG) has found fault with its functioning on several counts.
According to the CAG report for the year ended March 2002 , which was tabled in the Assembly on March 31, 2003, though the company had substantially achieved its overall production targets for the last several years, the targeted and actual production during the five-year period ended March 2002 in 8 to 9 areas out of 12 areas was below the break-even level, thus contributing to losses.
