Cag On Power

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  Row Over Audit: Top Court Seeks Discoms' Reply On Plea Against High Court Order

  The Supreme Court today sought responses from three private power distribution companies on petitions filed by various bodies including Delhi government challenging High Court order that these discoms cannot be audited by the Comptroller and Auditor General (CAG) of India.

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  Five Distribution Companies Failed to Clear Rs 4,112 Crore dues: National Auditor

  Five power utilities, including the national capital's BRPL and BYPL, "consistently failed" to clear dues worth over Rs 4,112 crore to three hydro power producers at the end of March 2015, the Comptroller and Auditor General (CAG) said on Monday.

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  AAP Questions 'Silence' of BJP, Congress After No Power Hike Announcement in Delhi

  The Aam Aadmi Party (AAP) today claimed credit for the Delhi Electricity Authority Commission's (DERC) move to not hike power rates in the city at the end of its annual tariff determination process.

• Delhi government orders CAG audit of private power companies

  Rejecting the contention of private power distributors, Delhi government on Wednesday ordered a Comptroller and Auditor General (CAG) audit of their finances.

• JSPL: 10 reasons why shares hit a 3-year low

  Shares in Naveen Jindal promoted Jindal Steel and Power have plunged 20 per cent since August 17 when the CAG report on coal was tabled in Parliament. The government's auditor estimates that the private companies allotted coal blocks had a "windfall gain" of over Rs. 1.85 lakh crore because of the low prices they paid for the fields. JSPL shares...

• Coal was not sold, so nobody benefitted: Sibal

  The government on Wednesday said there was no question of anyone benefiting from coal block allocation as the mineral was never sold and accused the BJP of raking up the issue for no reason because of its desperation to come to power at the Centre before 2014.

• Cancellation of coal block allocations not right: Adi Godrej

  Cancellation of coal block allocations may not be the right step to take as it might impact business sentiment, particularly in the power sector, CII President Adi Godrej said on Tuesday.

• Regrettable that CAG report on RPower skipped AG's view: Chidambaram

  Finance Minister P Chidambaram on Friday said the CAG report, which stated that Reliance Power unduly gained over Rs 29,000 crore by diverting surplus coal from mines assigned to its project in Madhya Pradesh, skipped the Attorney General's view on the matter.

• Govt auditor's report warns of gaps in nuclear power safety

  When Parliament was busy dealing with disruptions through the last three days, perhaps very few noticed the Comptroller and Auditor General's (CAG) report on the country's nuclear watchdog being tabled in the House on Wednesday.

• Veerappa Moily questions credibility of CAG report

  Corporate Affairs Minister Veerappa Moily on Wednesday said that CAG reports on power and coal have been done without proper study and that they will precipitate policy paralysis in the government.

• CAG report fallout on Reliance Power, Adani Power and Tata Power

  Brokerage firm Nomura said ex-Chitrangi, Reliance Power's fair value is Rs 58 per share.

• Comptroller and Auditor General's (CAG) report on Ultra Mega Power Projects under Special Purpose Vehicles

  In its report on the Ultra Mega Power Projects under Special Purpose Vehicles, the Comptroller and Auditor General's (CAG) has said that Reliance Power, owned by Anil Ambani, benefited unduly from a government decision that allowed the company to use surplus coal from its captive block for another project.

• Public Accounts Committee to soon decide on taking up CAG reports

  CAG reports on coal blocks, Delhi international airport and power projects were tabled in Parliament on Friday.

• Nifty slips below 5350 after CAG report on coal points to Rs 1.85 lakh cr loss

  Tata Steel was the top NIfty loser, down 5.5 per cent, while Reliance Infra shares declined 3.3 per cent.

• Auditor's report on power may pull up private players: sources

  The Comptroller and Auditor General’s (CAG) final report on the controversial diversion of surplus coal from Ultra Mega Power Projects will be tabled in Parliament on Friday, which is likely to pull up a private power company for receiving excess coal.