Audit Reports
Andhra Pradesh
Report No 5 of 2016 - Public Sector Undertakings Government of Andhra Pradesh
Overview
During 2014-15 total outgo from the budget of the State of Andhra Pradesh was Rs.2,266.89 crore for working PSUs and Rs.7,117.64 crore for PSUs under demerger.
As per their latest finalised accounts 15 working PSUs (Exclusive Andhra Pradesh) incurred a loss of Rs.565.14 crore. Thirty three PSUs under demerger, incurred a loss of Rs.444.12 crore and four PSUs declared a dividend of Rs.16.19 crore.
During the year 2014-15 out of seven working PSUs (Exclusive Andhra Pradesh) which finalised accounts, one PSU (Andhra Pradesh Heavy Machinery & Engineering Limited) earned a profit of Rs.2.50 crore and five PSUs incurred loss of Rs.28.58 crore and one working PSU has not started its commercial operations. Out of 22 PSUs under demerger which finalised accounts, 14 PSUs earned a profit of Rs.510.27 crore, seven PSUs incurred a loss of Rs.1,221.54 crore and one PSU prepared its accounts on ‘no profit no loss’ basis. Major contributors to profit were Andhra Pradesh Forest Development Corporation Limited, Andhra Pradesh State Warehousing Corporation, Andhra Pradesh Industrial Infrastructure Corporation Limited and Andhra Pradesh State Irrigation Development Corporation Limited.