SAIL spend on mines infructuous; laxity high in safety measures: CAG report

State-owned firm neither applied technical due diligence nor did techno-commercial study to assess viability before allotment of its two captive coal blocks, says report

State-owned Steel Authority of India (SAIL) neither applied technical due diligence nor conducted techno-commercial study to assess viability before the allotment of its captive coal blocks at Parbatpur and Sitanala, audit report no 18 of 2020 of Comptroller and Auditor General of India (C&AG) said today.

These two blocks, which had to be subsequently surrendered, hence resulted in the amount spent on development of the same infructuous, examined the audit.

The audit released today examined records of all captive mines of SAIL for the period 2014-19 to assess the management of captive mines and compliance with safety and environmental laws.