Paperman Media | Bhubaneswar
OREDA Limited, a a Government of Odisha undertaking under the Department of Energy, Government of Odisha, has declared and paid its first-ever dividend of ₹1.07 crore to the State Government for the financial year 2024-25. The dividend cheque was presented to Deputy Chief Minister and Minister for Agriculture & Farmers' Empowerment and Energy, Shri Kanak Vardhan Singh Deo.
Incorporated on May 9, 2024, OREDA Limited earned a net profit of ₹3.57 crore in its very first financial year. Declaring and paying a dividend within its first year of incorporation marks a remarkable achievement for OREDA Limited, reflecting the company’s financial growth and sound financial management. OREDA Limited continues to work steadily toward promoting renewable energy and sustainable energy solutions across Odisha.
The dividend cheque was handed over to the Government in the presence of Deputy Chief Minister along with Additional Chief Secretary (Energy) Vishal Kumar Dev, FA-cum-Special Secretary Dr. Debidutta Tripathy, OREDA CEO Saidutta Biplab Keshari Pradhan, Additional Secretary Nibedita Mishra, and other senior officials of the department.
