Odisha State Police Housing and Welfare Corporation Registers Highest-Ever Turnover Of Rs 525 Cr

On Thursday, the Odisha State Police Housing and Welfare Company Ltd. commemorated the forty fourth anniversary of its founding at its headquarters in Bhoi Nagar. Tusharakanti Behera, Minister of State for the Residence Division, Minister of State for Electronics & IT, and Minister of State for Sports activities & Youth Companies, attended the ceremony because the chief visitor.

CA The honoree was retired director of finance for Neelachal Ispat Nigam Restricted, Siva Prasada Padhi. Quite a few luminaries from the development sector and Company staff additionally attended the occasion. In his remarks, the Minister praised the Company for persevering with to show a revenue every year in addition to its efforts to hold out the duties assigned to it by different departments along with the Residence Division, together with Increased Training, OSRTC, ST & SC Growth, Excise, and Well being. Sooner or later, he suggested the Company to function exterior of Odisha in an effort to profit the state.

The Company had its highest-ever Turnover of Rs. 525 crores within the Monetary Yr 2022–23, a acquire of 40% over the earlier yr, with a gross revenue of Rs. 35 crores, in accordance with Chairman and Managing Director Sanjeeb Panda. Via S.A.P Software program, the Company automated each facet of its operations. The Company will present the State Authorities a dividend price Rs. 7.5 crores for the present fiscal yr. With a finances of Rs. 300 crores, the corporate is constructing a mannequin jail in Jamujhari. Moreover, all the course of contained in the Company is being upgraded to the cutting-edge software program SAP HANA, which can additional enhance the Company’s capabilities.

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