Bhubaneswar: Odisha Police Housing and Welfare Corporation (OPHWC) signed MOU with the Department of Home for Rs.1000 crore turn over in 2023-24.
In a simple ceremony held in the conference hall of Home Department in Lokseva Bhawan, Bhubaneswar, OPHWC signed MOU with Home Department on 14 November.
Deoranjan Kumar Singh, ACS Home and Sanjeeb Panda, CMD OPHWC signed the MOU.
Special Secretary Home, Santosh Bala and other senior officers of Department of Home and OPHWC were present in the MOU signing ceremony.
As per the MOU, OPHWC will achieve the turnover of 1000 crore in the current financial year 2023-24.
The OPHWC had an turnover of Rs.370 Crore in 2021-22 and 532 Crore in 2022-23 with 42 Percent growth.
The Corporation has set up an ambitious target of almost doubling it’s turn over in the current financial year.
The OPHWC is a profit making Silver rated Company of Government of Odisha and it’s giving dividend to the Government every year.
The Corporation undertakes various building projects of Police, Fire, Prisons, Judiciary.
It is the sole executing agency of all the Universities under Higher Education Department.
It had recently undertaken 43 District and Block level bus stands for Transport Department under Ama Bus Stand scheme.
The Corporation has taken up the construction of Trainees Hostel at Gopabandhu Academy for 120 Crore and this building will be the first IGBC Platinum rated building in the state.
The OPHWC is also constructing the Modern Jail at Jamujhari Bhubaneswar for Rs 330 Crore.
The Corporation has taken up the construction of the prestigious Biswanath Library in Cuttack for 30 Crore.
The Police Housing Corporation is also executing projects for other Government Departments and Agencies like Excise, Commerce and Transport, Health, Agriculture, SC and ST Dept, BDA, CDA, Pollution Control Board, Handlooms and Handicraft, Sports and Youth Services, OMFED, Beverages Corporation, OMC.
The OPHWC has completely automated it’s operation by implementing leading business software SAP S4 HANA.
CMD Shri Panda, one of the most dynamic Top Cop having vision for expansion of the OPHWC is scaling the activities to the Next Level, said a senior officer in the Department of Home.