Compliance Financial Performance
Uttar Pradesh

Report of the Comptroller and Auditor General of India (Public Sector Undertakings) for the year ended 31 March 2013, Government of Uttar Pradesh, Report No. 2 of 2014

Date on which Report Tabled:
Fri 20 Jun, 2014
Date of sending the report to Government:
Government Type:
Sector Transport & Infrastructure,Power & Energy


Audit of Government companies is governed by Section 619 of the Companies Act, 1956. The Accounts of Government companies are audited by Statutory Auditors appointed by Comptroller and Auditor General of India. These Accounts are also subject to supplementary audit conducted by Comptroller and Auditor General of India. Audit of Statutory corporations is governed by their respective legislations. As on 31 March 2013, the State of Uttar Pradesh had 87 working PSUs (80 companies and seven Statutory corporations) and 39 non-working PSUs (all companies). The working PSUs registered a turnover of RS 62,432.56 crore and incurred overall aggregate loss of RS 10,842.45 crore as per their latest finalised accounts.

As on 31 March 2013, the Investment (Capital and Long Term Loans) in 126 PSUs was RS 1,14,776.13 crore. It grew by 290.85 per cent from RS 29,365.93 crore in 2007-08 to RS 1,14,776.13 crore in 2012-13 mainly because of increase in Investment in Power Sector which accounted for 94.43 per cent of the total Investment in 2012-13. The Government contributed RS 7,117.53 crore towards Equity, Loans and Grants/Subsidies during 2012-13.

As per the latest finalised accounts, out of 87 working PSUs, 34 PSUs earned Profit of RS 1,255.42 crore and 22 PSUs incurred Loss of RS 12,097.87 crore. Six working PSUs had not submitted their first Accounts whereas 25 PSUs are treated as no profit/loss as their data of financial results was less than RS one lakh. The major contributors to Profit were Uttar Pradesh Avas Evam Vikas Parishad (RS 431.05 crore), Uttar Pradesh Rajkiya Nirman Nigam Limited (RS 232.49 crore), Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (RS 126.38 crore) and Uttar Pradesh Forest Corporation (RS 126.08 crore). The heavy losses were incurred by five Power Sector companies (total RS 11,562.21 crore).

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