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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.
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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.
