In a strong show of financial performance, four government-run companies in Odisha have collectively contributed over ₹205 crore in dividends to the state government. This contribution marks a successful financial year for these public sector units (PSUs), highlighting their profitability and strategic importance to Odisha’s development goals.
Who Contributed and How Much?
Let’s break it down by company and sector:
- Odisha Agro Industries Corporation – This company, which focuses on promoting agricultural development and services, gave back ₹1.35 crore to the state as dividend from its 2022–23 financial performance.
- Odisha Cashew Development Corporation – Specializing in the cultivation and trade of cashew, this organization added ₹46.51 lakh to the state’s income for the same period.
- Odisha Hydro Power Corporation (OHPC) – A key player in the state’s renewable energy production, OHPC had an excellent year in 2023–24, contributing ₹92.21 crore.
- Odisha Power Generation Corporation (OPGC) – One of the major electricity producers in the state, OPGC topped the chart with a massive dividend of ₹111.82 crore for 2023–24.
What Happens to This Money?
These dividends were formally presented to Odisha’s newly-appointed Chief Minister, Mohan Charan Majhi, during a ceremonial meeting. But beyond the ceremony, this money plays a much larger role: it’s earmarked for funding public development projects throughout the state.
This includes efforts such as:
- Building and upgrading roads and bridges
- Expanding access to electricity and clean water
- Improving healthcare and education
- Creating jobs and supporting small businesses
Why Does This Matter?
These contributions show that Odisha’s state-owned companies are not just surviving—they’re thriving. More importantly, they’re giving back to the people of Odisha by helping the government invest in the state’s infrastructure and public services.
By doing so, these PSUs (Public Sector Undertakings) become more than just businesses—they become engines of economic and social progress. Their profits don’t just sit on balance sheets; they’re actively used to improve the lives of citizens.
In simple terms: When these companies succeed, the people of Odisha benefit directly.
