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Odisha PSUs Pay Over Rs 205 Cr In Dividends To State Govt

in State News 5 days ago Comments Off on Odisha PSUs Pay Over Rs 205 Cr In Dividends To State Govt 103 Views

Bhubaneswar:23/4/25:Four public sector undertakings (PSUs) under the Odisha government have collectively paid dividends totaling over Rs 205 crore to the state, reflecting their robust financial performance.

The Odisha Agro Industries Corporation and Odisha Cashew Development Corporation, under the Department of Agriculture and Farmers’ Empowerment, along with the Odisha Hydro Power Corporation (OHPC) and Odisha Power Generation Corporation (OPGC), under the Energy Department, presented their dividend cheques to Chief Minister Mohan Charan Majhi. For the fiscal year 2022-23, the Odisha Agro Industries Corporation contributed Rs 1.35 crore, while the Odisha Cashew Development Corporation paid Rs 46.51 lakh. For 2023-24, the Odisha Power Generation Corporation delivered a substantial dividend of Rs 111.82 crore, and the Odisha Hydro Power Corporation added Rs 92.21 crore to the state’s coffers.

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This significant financial contribution underscores the efficiency and profitability of Odisha’s PSUs, bolstering the state’s resources for development initiatives.

The dividends will support the government’s efforts to drive economic growth and enhance public welfare across the state.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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