Log in

RegulatoryBusiness Standard

CAG starts first nationwide audit of 39 discoms

Negative-51

GreyOak summary

The CAG has initiated an integrated audit of 39 discoms and five power departments covering five years of data. The audit highlights severe financial stress, with accumulated losses exceeding ₹3.41 trillion and outstanding borrowings above ₹7.26 trillion. Findings will be presented to state legislatures, while systemic issues will be reported to the Ministry of Power.

What it affects

  • EnergyNegative -51

    Discoms face high stress and losses.Rolling sentiment Positive +38

Source

Read the original at Business Standard

More news

All news →