As on 31 March 2016, the State had 74 Public Sector Undertakings (PSUs) with an investment of ` 1,40,677.30 crore. Out of 68 working PSUs, 41 earned profit of
` 811.27 crore and 21 PSUs incurred a loss of ` 15,684.69 crore.
The PA on Industrial Development Activities of TIIC revealed deficiencies in sanctions and in carrying out mandatory inspection of the assisted units leading accumulation of overdues to ` 82.97 crore, incorrect fixation of target resulting in non-recovery of dues of ` 56.37 crore. NPA increased from10.27 per cent in 2011-12 to 13.64 per cent in 2015-16.
The Follow-up IT Audit on Computerisation of TASMAC revealed delay of six years in software upgradation of third phase, SRM and DM offices were not linked with Godown Monitoring System and integrated information management system leading to duplication of works. Deficiencies were noticed in input and validation checks, protection of validity and confidentiality of transfer of data and laying down business confidentiality and disaster recovery planning.
The report also contained 13 Compliance Audit Observations, which inter alia, included loss of revenue of ` 46.65 crore to TIDCO due to non-collection of service charges as per joint venture agreement, adherence to pollution control norms in thermal power plants of TANGEDCO, unwarranted delays in rectification of rotor fault in hydro power station leading to additional extra expenditure of ` 44.74 crore, etc.