The Odisha State Police Housing & Welfare Corporation limited (OSPH&WC) signed a Memorandum of Understanding (MoU) for the year 2013-14 with the State Government in the Home Department on Tuesday.
Chairman-cum-Managing Director Satyajit Mohanty signed the MoU on behalf of the OSPH&WC and Home Secretary Upendranath Behera signed it on behalf of the Government.
During the financial year 2012-13, the corporation achieved a turnover of `216.32 crore, which was more than the year’s target. As per the 2013-14 MoU, the turnover target is fixed at `315 crore. For the first time, a provision has been made in the MoU to make expenditure on Corporate Social Responsibility head.