The report brought to light the following facts:
• 142 coal fields were sold since July 2004 to private and state-run companies. Some of the coalfields bought by private companies in 2004 did not begin production till 2011, while some companies later made enormous profits by selling the coal mines.
• The auditor's coal field report to Parliament estimated that private companies made windfall gains of up to $34 billion because of the low bidding prices paid for the fields. The report said an auction would have given the government a portion of that money.
• The auditors said the allocations were made on the recommendation of state governments. The CAG report exonerated Prime Minister Manmohan Singh even though he was running the coal ministry for the period under review.
• Against a predicted growth rate of production of 43.07 per cent (Original) and 33.73 per cent (revised) for XI Plan, the actual growth of production was only 19.51 per cent in four years till 2010-2011. Even the reduced target of production by the Planning commission in the mid-term appraisal, was further lowered by 8.12 per cent by CIL for 2011-2012
