The Comptroller and Auditor General of India (CAG) has asked state-owned NMDC to factor in market trends while fixing production targets and conduct proper due diligence to the risk factors before embarking on national and international investment ventures.
In its audit report on 'Operational Performance of NMDC Limited', tabled in Parliament on Monday, CAG said, "NMDC in its Strategic Management Plan (SMP) Vision 2025 fixed (October 2015) over-ambitious targets for production of iron ore viz. 75 MTPA by 2018-19 and 100 MTPA by 2021-22."
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