Over-reporting by ONGC: Company finds ways to plug the gap
Mar 28: Over reporting of crude production is a typical ONGC phenomena 8The companies asset managers, with an eye on higher performance related pay, take advantage of archaic measurement and systemic processes to over report production on a routine basis. 8The CAG has estimated that on account of over reporting, the company has had to pay an additional subsidy burden of Rs.18626.74 crore during 2011-12 to 2014-15. 8Since the report, ONGC claims it has spruced up its act by taking a series of measures. Click on Reports to find out more on what the company has done to stop over reporting.