5 power PSUs saw losses of Rs 2,019 crore: CAG report
BENGALURU: Five public sector undertakings (PSUs) in the power sector in Karnataka suffered losses of Rs 2,019.09 crore in 2017-18, while six PSUs in the sector earned a profit of Rs 413.51 crore, according to the report of Comptroller and Auditor General of India (CAG) on PSUs for year ending March 2018. The report was tabled in the assembly on Tuesday.
While major contributors to the profits were Karnataka Power Transmission Corporation Limited (Rs 212.14 crore) and Bangalore Electricity Supply Company Limited (Rs 84.77 crore), big losses were incurred by Raichur Power Corporation Limited (Rs 1,562.76 crore), Gulbarga Electricity Supply Company Limited (Rs 312.84 crore) and Hubli Electricity Supply Company Limited (Rs 140.28 crore).
