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Performance
Madhya Pradesh

Report No 4 of 2015 - Public Sector Undertakings Government of Madhya Pradesh

Date on which Report Tabled:
Thu 17 Mar, 2016
Date of sending the report to Government
Government Type
State
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Sector Power & Energy

Overview

The Audit Report (PSUs) deals with the results of audit of Government companies and Statutory Corporation of Madhya Pradesh for the year ended 31 March 2015.

Chapter I of the Report gives an overview of the Government Companies and Statutory Corporation of Government of Madhya Pradesh. As on 31 March 2015, investment in 67 State PSUs was Rs.56997.43 crore. During the year 2014-15, out of 58 working PSUs (including three Statutory corporations), 29 PSUs earned total profit of Rs.566.51 crore while 21 PSUs incurred total loss of Rs.6848.38 crore. Six PSUs finalised their accounts on “no profit no loss” basis and remaining two PSUs had not finalised their first accounts.

Chapter II includes three Performance Audits. Performance Audit on the Functioning of Sanjay Gandhi Thermal Power Station, Birsinghpur revealed that the performance of the Power Houses of SGTPS was not satisfactory. Power House I and II did not meet the targets set by Madhya Pradesh Electricity Regulatory Commission (MPERC) in respect of Station Heat Rate, Fuel Oil Consumption, Auxiliary Power Consumption and Plant Availability Factor. Performance Audit on the working of Madhya Pradesh State Agro Industries Development Corporation Limited, revealed that the Actual profit margin earned by the Company on RTE products supplied to Women and Child Development Department, GoMP was significantly higher than the approved profit margin and the Performance Audit on Development of New and Renewable Energy in Madhya Pradesh, revealed that the installed capacity of Renewable Energy (RE) in the State was only 1243 MW against the estimated potential of 39095 MW.

Chapter III includes 12 Transaction Audit Paragraphs and One Long Draft Paragraph on Implementation of Financial Restructuring Plan of State Government in Madhya Pradesh PoorvKshetraVidyutVitaran Company Limited. The irregularities pointed out broadly resulted in Loss of Rs.2231.75 crore in nine cases due to non-compliance with rules, directives, procedures, terms and conditions of contracts and Loss of Rs.5.37 crore was incurred in four case due to defective/ deficient planning.

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