The Comptroller and Auditor General of India (CAG) has pulled up the Gujarat government-run Gujarat State Petroleum Corporation (GSPC) for financial irregularities and undue favour to select companies such as Reliance Industries Ltd and Adani Enterprises Ltd. According to its report for the year ended March 2010-11, GSPC incurred losses of a little more than Rs 5,000 crore during 2006-2011 for exploration activities at its oil and gas block in the Krishna-Godavari (K-G) basin.