Moneycontrol Be a Pro
Get App
you are here: HomeNewsBusiness
Last Updated : Mar 08, 2018 09:38 PM IST | Source: PTI

WBSEDCL suffered Rs 175.85-cr revenue loss in FY16: CAG report

The audit report, placed before the West Bengal Assembly yesterday, also said that WBSEDCL incurred an infructitious expenditure of Rs 45.75 crore during the period, as it procured software licenses without the required IT infrastructure.


The West Bengal State Electricity Distribution Co Ltd (WBSEDCL) suffered a revenue loss of Rs 175.85 crore owing to delay in raising bills, theft of electricity and unauthorised use in the fiscal 2015-16, the Comptroller and Auditor General of India has said in a report.

The audit report, placed before the West Bengal Assembly yesterday, also said that WBSEDCL incurred an infructitious expenditure of Rs 45.75 crore during the period, as it procured software licenses without the required IT infrastructure.

Non-adherence to the regulations and violations of the provisions of the Electricity Act 2003 led to continued Aggregate Technical and Commercial Losses, it said, and added that WBSEDCL had "no plans/targets" to reduce such losses.

Close
In September 2017, West Bengal Power Minister Sobhandeb Chattopadhyay had said that WBSEDCL has undertaken a Rs 1,000-crore project to cover about 50,000 km of overhead wires with plastic insulated AB cables across the state, wherever theft is prominent.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Mar 8, 2018 06:35 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant
Make every wish come true
10% CashBack on Apparel
10% CashBack on Electronics
Swipe & Win iPhone 11 every hour