Report of the Comptroller and Auditor General of India on Public Sector Undertakings, Government of Gujarat
This Report deals with the results of audit of 83 Government Companies and four Statutory Corporations for the year ended 31 March 2019. The accounts of Government Companies (including Companies deemed to be Government Companies as per the provisions of the Companies Act) are audited by the Comptroller and Auditor General of India (C&AG) under the provisions of Section 619 of the Companies Act, 1956 and Section 139 and 143 of the Companies Act, 2013. The State Public Sector Undertakings (SPSUs) consist of State Government Companies and Statutory Corporations. The SPSUs are engaged in activities of commercial nature that occupy an important place in the State economy. As on 31 March 2019, there were 87 SPSUs (83 Companies and four Statutory Corporations) including 16 inactive SPSUs. The active SPSUs registered a turnover of 1,48,487.47 crore as per their latest finalised financial statements as on 30 September 2019. The SPSUs engaged in generation, transmission and distribution of electricity are classified under Power sector.