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NTPC overstated its profit by Rs 938 cr in FY08: CAG

Posted on: July 10th 2009 in Stock News.

State-run power firm NTPC overstated its profits by Rs 938 crore in 2007-08, the Comptroller and Auditor General of India (CAG) said in a report, but categorically stated that chances of Satyam like frauds in PSUs are very remote.The report, which was tabled in Parliament today, said PSUs…

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