NTPC Ltd.

BSE: 532555 | NSE: NTPC
Large Cap | Power Generation/Distribution
345.60
-10.20 (-2.87%)
< Home < Back

NPTC shells out additional Rs 6,869.95 crore during 2010-16 for procuring domestic coal

Date: 06-02-2017

Government Auditor Comptroller and Auditor General of India (CAG) has found that state-run NTPC shelled out an additional Rs 6,869.95 crore during 2010-16 for procuring domestic coal and missed out on garnering Rs 4,299.80 crore in revenues due to outages at power plants on account of fuel shortage. Together, it cost the company close to Rs 11,000 crore during 2010-16.

The Performance Audit Report covered fuel management of 13 out of 26 coal-based power stations of NTPC and its Joint Ventures during the period from April 2010 to March 2016.

NTPC is an Indian central Public Sector Undertaking (PSU) under the Ministry of Power, Government of India, engaged in the business of generation of electricity and allied activities.