CAG pulls up Nalco for less than optimal performance, loss of earning

Production loss, extra expenditure estimated at over Rs 2000 crore during 2012-13 to 2016-17

Comptroller and Auditor General of India (CAG) has rapped blue chip metal firm National Aluminium Company Limited (NALCO), a public sector enterprise under Ministry of Mines, for less than optimal performance resulting in excess expenditure and loss of earning to the tune of more than Rs 2,000 crore.

The central auditors, in their scrutiny, covered production performance of Nalco’s mines, alumina refinery, smelter plant and captive power plant for the period 2012-13 to 2016-17.

In its report tabled in the Parliament on Wednesday, CAG said, there was a production shortfall of 0.96 million tonnes of alumina hydrate at Nalco's refinery