Bhubaneswar: The Odisha State Police Housing & Welfare Corporation Limited (OPHWC) has paid a record dividend of Rs 21.28 crore to the Government of Odisha for the financial year 2024-25, marking the highest-ever dividend declared by the state-owned public sector undertaking.

The dividend cheque was handed over to Chief Secretary Anu Garg by OPHWC Chairman-cum-Managing Director Saumyendra Kumar Priyadarsi, IPS, at Lok Seva Bhawan on Friday. Special Secretary, Home Department, R.K. Sharma, IPS, and other senior officials were present on the occasion.

According to OPHWC, the corporation has recorded consistent financial and operational growth in recent years. It achieved its highest-ever turnover of approximately Rs 1,520 crore during FY 2025-26, registering an 11 per cent increase over the Rs 1,366 crore turnover recorded in FY 2024-25.

A self-sustaining PSU under the Home Department, OPHWC has been paying dividends to the Odisha Government since 2014-15. With the latest payout, its cumulative dividend contribution to the state exchequer has reached Rs 86.05 crore.

The corporation has also earned national recognition for its quality construction and timely execution of infrastructure projects. It received the prestigious Chairman Commendation Award from the Construction Industry Development Council (CIDC) under NITI Aayog for constructing the Commissionerate of Police Building in Bhubaneswar in 2025 and the New Hostel Building at Gopabandhu Academy in 2026.

OPHWC is currently executing several high-value infrastructure projects across Odisha, including the Tarakasi Hub in Cuttack, Excise Bhawan in Bhubaneswar, and the Hostel of Gopabandhu Academy of Administration.

The corporation is also implementing key government infrastructure projects such as truck terminals across the state, the New Model Jail in Bhubaneswar, the District Jail in Jajpur, the Blue Flag Beach project at Paradip, tourism infrastructure at Dumduma Waterfall and Jiranga, besides constructing Atal Bus Stands for the Odisha State Road Transport Corporation (OSRTC).

With its strong financial performance, project execution capabilities and continued focus on quality infrastructure, OPHWC said it remains committed to supporting the Odisha government's development agenda while strengthening the state's infrastructure landscape.