Loss due to non-revision of domestic prices by the company in line with movement of market price
Iron ore miner NMDC has suffered Rs 745.94 crore revenue loss during 2007-10 for not revising the domestic prices of the steel-making raw material in line with prevailing market rates, government auditor CAG said. "...Due to non-revision of domestic prices by the company (NMDC) in line with movement of market price, the company has suffered a revenue loss of Rs 754.94 crore during 2007-10," CAG said in a report, tabled in Rajya Sabha, today.
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Links:
[1] http://admin.indiaenvironmentportal.org.in/news/nmdc-suffered-rs-746-cr-revenue-loss-during-2007-10-cag
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/business-standard-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/national-mineral-development-corporation-nmdc
[4] http://admin.indiaenvironmentportal.org.in/thesaurus/comptroller-and-auditor-general-india-cag
[5] http://admin.indiaenvironmentportal.org.in/thesaurus/rashtriya-ispat-nigam-ltd
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/iron-and-steel-industry-0
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/exports
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/minerals
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mining
