OTDC Pays Rs 1 Cr Dividend To Odisha CM For First Time Since Inception

**Bhubaneswar: ** As OdishaTourism Development Corporation (OTDC) has declared interim dividend for the first time since its inception, Tourism Minister Ashok Chandra Panda handed over a cheque of Rs 1 crore to Chief Minister Naveen Patnaik for 2017-18 at the State Secretariat here on Tuesday.

The Minister handed over the Rs 1 crore interim dividend cheque to the Chief Minister in presence of Tourism principal secretary and chairperson Mona Sharma, OTDC MD Nitin Bhanudas Jawale and other OTDC officials.

The Minister informed that Government of Odisha has invested Rs 9.62 crore in OTDC as equity. OTDC was making continuous loss since its inception till 2002-03 and only from 2003-04 it has started making profit.

During the year 2016-17, OTDC has made a made net profit of Rs 5.89 crore and the accumulated profit as on 31.03.17 stands at Rs 26.20 crore, the Minister informed.

It was also informed that the OTDC is presently operating 20 hotel units and has the largest air condition tourist transport fleet of the State.

OTDC is also working to improve the facilities and services in its hotel units to provide better services to the guest. As a part of such initiative, OTDC has applied for ISO certification and also computerizing the operation of its hotel unit, the Minister added.

It was also informed that a few Volvo air condition luxury coach will be added soon to its existing transport fleet.

From April 1, OTDC has started air condition shuttle service from foot hill to hill top of Dhauli to decongest the traffic. OTDC has also started day tour covering destinations around the Panthanivas to promote lesser known tourist destinations.

OTDC has made an ambitious target to make a quantum jump in turnover and profitability in the next three years by improving the facilities and service in all its Panthanivases, a press note stated.

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