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72 govt cos accumulated losses of Rs 94,428 cr by FY'08-end

Source: The Hindustan Times

Mumbai : India | 4 months ago

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Equity investment in 72 state-run entities has been completely eroded as they accumulated losses of Rs 94,428 crore by the end of 2007-08, more than five times their paid up capital, the Comptroller and Auditor General of India said in a report. The report, tabled in Parliament on Thursday, said that...

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News Stories

72 state-run firms have totally eroded net worth: Auditor

News Source: NewKerala | 4 months ago

Referring to the audit conducted for 281 companies, out of 419 central government-run firms, the Comptroller and Auditor General of India said these companies were under ministries for civil aviation, power, shipping, road transport, highways and...
72 govt cos accumulated losses of Rs 94,428 cr by FY'08-end

News Source: The Hindustan Times | 4 months ago

Equity investment in 72 state-run entities has been completely eroded as they accumulated losses of Rs 94,428 crore by the end of 2007-08, more than five times their paid up capital, the Comptroller and Auditor General of India said in a report. The...