Odisha

OFDC Pays Rs 1.58 Cr Dividend To Odisha Govt For 2019-20 Fiscal

By
OB Bureau

Bhubaneswar: The Odisha Forest Development Corporation Ltd (OFDC) on Thursday paid a dividend of Rs 1.58 crore to the state government for 2019-20 financial year.

Managing Director of OFDC Rajiv Kumar handed over a cheque worth Rs 1,58,13,175 to chief secretary Suresh Chandra Mahapatra in the presence of chief minister Naveen Patnaik, according to an official press release.

The OFDC, which registered a net profit of Rs 10.54 crore after tax in the financial year,  has been earning profit for the last 15 years.

Additional chief secretary, Forest and Environment department Mona Sharma, chairman of OFDC Parag Gupta, Development Commissioner PK Jena and other senior officers were present.

The OFDC has 20 divisions across the state, 52 timber depots and 67 firewood depots. It has planted 4.81 lakh saplings in the current year, the release stated.

OB Bureau

Recent Posts

Another Stone Falls From Jagannath Temple At Khallikote In Odisha’s Ganjam

Berhampur: A stone weighing 2 kg fell from the ‘Singhadwara Gumuta’ of the Lord Jagannath…

November 14, 2024

Sunita Williams Dismisses Rumours About Weight Loss, Explains Her ‘Sunken Cheeks’

New Delhi: Recent pictures of Space Station Commander Sunita Williams from the International Space Station…

November 14, 2024

Payal Rohatgi Calls Out Rupali Ganguly For Dating A Married Man

Mumbai: Actress Rupali Ganguly recently filed a Rs 50 crore defamation case against her stepdaughter…

November 14, 2024

National Hockey: Odisha To Clash With Manipur In Semifinals

Chennai: Odisha will face Manipur in the semifinals of the 14th Hockey India Senior Men’s…

November 14, 2024

India To Push Canada For Extradition Of Arrested Khalistani Terrorist Arsh Dalla

New Delhi: India will again ask Canada for the extradition of designated Khalistani terrorist Arshdeep Singh…

November 14, 2024

School Dropout From West Bengal Arrested For Practising As Ayurvedic Doctor In Odisha’s Berhampur

Berhampur: Police have arrested a man from West Bengal for allegedly claiming himself to be…

November 14, 2024

Manoj Bajpayee Recalls Staying In ‘Hell’, Experiencing Starvation

Mumbai: Carving a niche for himself in Bollywood was not a cakewalk for ‘The Family…

November 14, 2024

After Disapproving Of Ranveer, Mukesh Khanna Rejects Tiger Shroff For ‘Shakitmaan’

Mumbai: Mukesh Khanna’s Indian superhero series ‘Shaktimaan’ has been making headlines for quite some time…

November 14, 2024