A Performance Audit on Functioning of Northern Power Distribution Company of Telangana Limited along with IT Audit of Billing Systems
The instances mentioned in this Report are those, which came to notice in course of test audit for the period 2015-16 as well as those which came to notice in earlier years, but could not be reported in previous Audit Reports. Matters relating to the period subsequent to 2015-16 have also been included. Important audit findings are enumerated below;
As on 31 March 2016 there were 67 PSUs, falling under audit purview. Out of these, 40 Working PSUs pertain exclusively to Telangana (11 of previous year; 1 newly incorporated and 28 formed due to bifurcation of the State), five PSUs are under demerger and the remaining 22 are Non-working PSUs (yet to be bifurcated). As on 31 March 2016, the investment (capital & long term loans) in 67 PSUs was ` 43,051.95 crore. During 2015-16, total outgo from the budget of the State of Telangana was ` 17,838.66 crore for working PSUs
exclusive to Telangana and those formed due to bifurcation of the State and ` 3.93 crore for five PSUs under demerger.
Compliance audit observations included in this Report highlight deficiencies in the management of PSUs, which resulted in financial