Home » State News » There are 26 productive Public enterprises in Odisha

There are 26 productive Public enterprises in Odisha

Bhubaneswar, April 1: There are 26 productive Public enterprises in the state, said Minister for Public Enterprises Ashok Chandra Panda.

Answering to BJD MLA Aswini Kumar Patra’s question in the Assembly, Panda said that as many as 36 public enterprises are there in the state. Seven government run enterprises are incurring losses. One is on the break- even point, while another one is a non-profitable institution, while one state run public enterprises is in shutdown condition.

Panda said that Odisha Agro Industries Corporation, Seed Corporation, State Cashew Development Corporation, Forest Development Corporation, Odisha Mining Corporation, Odisha Construction Corporation Ltd, Tourism Corporation, Power Generation Corporation, Hydro Power Corporation, Odisha Power Grid Corporation, Industrial Promotion & Investment Corporation Ltd. are the major profit making enterprises.

On the other hand, Grid Co. Ltd., Rural Housing and Development Corporation, IDCOL Kalinga Iron Works Ltd., IDCOL Ferrochrome and Alloys Ltd., Odisha Fisheries Development Corporation Ltd., Odisha State Financial Corporation and the Odisha State Road Transport Corporation are  running in  loss.

However, steps are on to rejuvenate the sick PSUs, Panda added.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

Check Also

Hirakud dam reservoir opened four more sluice gates as rains continued to lash the upper catchment areas

Sambalpur:13/8/22: The authorities at Hirakud dam reservoir opened four more sluice gates today as rains continued to lash the upper catchment areas of Mahanadi river. With this, the flood waters are ...