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Bhubaneswar, 17/10/2025( Odisha Samachar/Rajat Mohapatra )- The Odisha State Police Housing and Welfare Corporation (OPHWC) signed a Memorandum of Understanding (MoU) with the Home Department, Government of Odisha, today, aiming to achieve a turnover of Rs 1500 crore in the financial year 2025-26.
The MoU was signed in a simple ceremony at the Home Department’s Conference Hall. Shri SatyabrataSahu, IAS, Additional Chief Secretary, Home Department, and Shri S K Priyadarsi, IPS, Chairman-cum-Managing Director, OPHWC, signed the MoU.
OPHWC, a profit-making, Silver-Rated Public Sector Undertaking (PSU) of Government of Odisha, has shown a significant growth in the recent years, recording turnover of Rs 1090 crore in FY 2023-24 and Rs 1366 crore in FY 2024-25, reflecting a 25% increase.
The Turnover of the Corporation has grown significantly fromRs332 Cr in the year 2014-15 toRs 1366 Cr in the FY 2024-25, while its profit has also risen from Rs20 Cr to Rs95 Cr over the same period, reflecting remarkable growthunder the visionary leadership and guidance of Hon’ble Chief Minister.
As a self-sustaining PSU, OPHWC meets all financial obligations from its own resources and also it has been paying dividends to the State Government since FY 2014-15.The cumulative dividend paid so far by this Corporation to Govt. of Odisha is Rs.64.77 Cr,with an additional Rs. 21.28 Cr slated for payment to the state exchequer in the current financial year.
As the only SAP-enabled PSU in Odisha’s construction sector, OPHWC manages its operations—from project estimates to vendor payments—through SAP, ensuring efficiency and transparency. The corporation executes a wide range of projects for departments including Police, Fire, Prisons, Judiciary, Higher Education, Transport, ST & SC, DTET, Excise, Agriculture, Health, Sports & Youth Affairs, and Forest.
The major ongoing projects of the Corporation comprised of 126 Ama Bus Stand Project- Phase II having a total project cost of Rs 1753.54 Cr, Model Jail at Jamujhari, Bhubaneswar having a project cost of Rs 331.23 Cr.
The other high value and prestigious projects which are nearing to completion are Hostel Building & Facility Center at Gopabandhu Academy of Administration, Bhubaneswar, AbakariBhawan, Bhubaneswar (a multistoried excise office building), New Academic Building at MS Law University, Cuttack, Academic & Administrative Building of Rajendra University, Bolangir and Centre of Excellence on Silver Filigree, Cuttack.
For over four decades, OPHWC has delivered high-quality infrastructure with innovation, integrity, and efficiency. Looking ahead, the Corporation aims to achieve Gold-Rated PSU status and expand its foothold in the construction sector, reinforcing its commitment to excellence.
