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WBSEDCL suffered Rs 175.85-cr revenue loss in FY16: CAG report

Press Trust of India  |  Kolkata 

The West Bengal State Distribution Co Ltd (WBSEDCL) suffered a revenue loss of Rs 175.85 crore owing to delay in raising bills, theft of and unauthorised use in the fiscal 2015-16, the Comptroller and of has said in a report.

The audit report, placed before the West Bengal Assembly yesterday, also said that WBSEDCL incurred an infructitious expenditure of Rs 45.75 crore during the period, as it procured without the required IT infrastructure.

Non-adherence to the regulations and violations of the provisions of the Act 2003 led to continued Aggregate Technical and Commercial Losses, it said, and added that WBSEDCL had "no plans/targets" to reduce such losses.

In September 2017, West Bengal had said that WBSEDCL has undertaken a Rs 1,000-crore project to cover about 50,000 km of overhead wires with plastic insulated AB cables across the state, wherever theft is prominent.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 08 2018. 18:35 IST