The Odisha Power Transmission Corporation limited (OPTCl) has earned laurels from the State Government for its impressive performance both during 2011-12 and 2012-13.
Chief Secretary Bijay Kumar Patnaik on Tuesday reviewed the performance of various State Public Sector Undertakings (PSUs), which have entered Memorandums of Understanding with their parent departments.
Principal Secretary of Public Enterprises Department CJ Venugopal gave a presentation on the performance of different PSUs and administrative departments which have inked MoUs. Secretaries and other senior officials of different departments and heads of the PSUs participated in the meeting.
Patnaik asked officials of various PSUs to set their own business-linked targets and perform accordingly. He also suggested them to set sector- wise targets and prepare plans to execute them.
Reviewing the performances of different PSUs and administrative departments keeping the MoUs in view, Patnaik advised the concerned officials to focus on the mandate of each PSU and department and promote investments for the current financial year.
The Chief Secretary assured the officials of necessary cooperation to be provided to the PSUs for execution of the projects. However, he cautioned them not to delay implementation of the projects.
like the OPTCl, another power sector PSU, Odisha Hydro Power Corporation (OHPC), also earned profit during 2011-12. Similarly, the Odisha State Seeds Corporation (OSSC) made a profit of Rs 2.5 crore in the same period.
The Chief Secretary suggested to the officials of the OSSC to set new objectives for self-dependence and also strengthen the corporation’s goals set in the MoU. The OSSC officials were asked to concentrate on groundnut, arhar and paddy seeds for improving the PSU’s performance.
Despite the fact that the Odisha Cashew Development Corporation has made a marginal net profit of Rs 1.47 lakh, it has undertaken hybrid cashew cultivation in 6,000 hectares of land and made an experiment of preparing cashew apple juice this year.
The review revealed that the Odisha Agro Industries Corporation (OAIC), which set a target of Rs 354 crore, achieved Rs 413 crore during FY 2011-12.
The OAIC earned a profit of Rs 9.07 crore and was lauded for its ‘very good’ performance by the Government.
Besides, the Department of Agriculture was asked to constitute a separate cell for the Agricultural Promotion & Investment Corporation of Odisha limited (APICOl) for scaling up its various projects. The APICOl has the mandate to promote investment in the agriculture sector.