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Compliance Performance
Odisha

Report No. 2 of the year 2021- Public Sector Undertakings, Government of Odisha

Date on which Report Tabled:
Sat 03 Apr, 2021
Date of sending the report to Government:
Tue 23 Feb, 2021
Government Type:
State
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Sector Power & Energy

Overview

The report on PSUs for the year ended 31 March, 2019 has been prepared under provisions of section 19A of the C&AG’s (DPC) Act 1971. This report deals with the performance of 82 PSUs consisting of 79 Govt-Companies and 3 statutory corporations. The report includes an introduction chapter on the functioning of all the 82 PSUs and thereafter gets divided into two parts. Part-I deals with the analysis of the performance of nine power sector PSUs which received 21.30 percent  (₹ 327.90 crore) of the total budgetary outgo (₹ 1539.65 crore) during the year 2018-19. In this year power sector PSUs at the aggregate level, incurred a loss of ₹ 22.45 crore. In this part a detailed compliance audit observation has been included on the Odisha Distribution System strengthening Project(ODSSP) implemented by Odisha Power Transmission Corporation Ltd(OPTCL).

ODSSP was conceived in July, 2013 to upgrade the distribution system to reduce the AT&C loss of around 37% and to make it cyclone resistant by construction of 500 numbers of 33/11KV substations by March 2014 with an investment of  ₹ 2600 crore. The project remained incomplete with  accomplishment of only 36 percent physical progress even by the extended time and schedule of March 2019. Hence, the objectives were not achieved, the reasons for which were mainly attributable to delay in handing over of sites, procurement of materials before requirement, lack of co-ordination with DISCOMs etc.

Part-II of the report deals with the details of performance of 73 non-power sector PSUs which at an aggregate level earned profit of ₹ 849.86 crore during 2018-19. This part includes a performance audit on “Infrastructural development and project management Activities of Industrial Infractural Development Corporation(IDCO).

The deficiencies pointed out in the performance audit includes the following-

  • IDCO failed to create the land bank of 100000 acre land for immediate allotment to industries as was envisaged in IPRs.
  • IDCO extended subsidy of ₹10.04 crore in allotment of land to eligible thermal power projects.
  • IDCO failed to recover the land premium of ₹ 33.16 crore from TISCO by allotment of Govt. land during 2014-18 at IPR rates prevailing during 1996.
  • IDCO allotted land at subsidized rates to 14 industrial units who were in the negative list of IPR, causing short realization of ₹ 13.34 crore.
  • IDCO failed to recover GR and cess amounting to ₹18.72 from allottees and caused an annual loss of ₹ 33.16 crore to State Exchequer for non finalization of RoRs infovour of same allottees.
  • IDCO failed to implement the Govt. of Odisha sponsored projects for lack of infrastructural development.

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Last updated: 22 Nov 2024
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