Bhubaneswar: The Odisha Police Housing and Welfare Corporation (OPHWC) has paid a record dividend of ₹21.28 crore to the Odisha government for the financial year 2024-25, marking the highest dividend declared by the state-owned undertaking since its inception.
The dividend cheque was handed over by OPHWC Chairman-cum-Managing Director Soumendra Kumar Priyadarshi to Chief Secretary Anu Garg at a function held in Bhubaneswar on Friday. Home Department Special Secretary Radha Kishan Sharma and other senior officials were present.
The corporation also registered its highest-ever business turnover in 2025-26, executing works worth around ₹1,520 crore, up about 11 per cent from ₹1,366 crore in the previous financial year, according to officials.
A self-financing public sector undertaking under the Home Department, OPHWC has been paying dividends to the state government regularly since 2014-15. With the latest payout, its cumulative dividend contribution to the state exchequer has increased to ₹86.05 crore.
Officials said the corporation has strengthened its financial position through improved operational efficiency and prudent financial management while meeting all its liabilities from internal resources.
The corporation has also earned national recognition for infrastructure development. It received the Construction Industry Development Council’s (CIDC) Vishwakarma Award for constructing the Bhubaneswar Commissionerate Police Building in 2025 and the new students’ hostel at the Gopabandhu Administration Academy in 2026.
OPHWC is currently executing several key infrastructure projects across Odisha, including the Tarkasi (filigree) Hub in Cuttack, the Excise Building in Bhubaneswar, a students’ hostel at the Gopabandhu Administration Academy, truck terminals at multiple locations, the new Model Jail in Bhubaneswar, the Jajpur District Jail, development of the Blue Flag Beach at Paradip, tourism infrastructure at Dumduma Waterfall and Jirang, and Atal Bus Stands for the Odisha State Road Transport Corporation.
Officials said the corporation aims to further consolidate its position as one of the state’s leading infrastructure development agencies through timely execution of projects and sustained financial discipline.
