Odisha Forest Development Corporationpaid 1.58 cr dividend

Bhubaneswar,12/8:The Odisha Forest Development Corporation has today paid a dividend of Rs 1,58,13,175 crore to the state government for the 2019-20 fiscal. In the presence of Chief Minister Shri Naveen Patnaik, Shri Rajiv Kumar, Managing Director of the Corporation, handed over the check to Chief Secretary Shri Suresh Chandra Mohapatra.


Ms. Mona Sharma, Additional Chief Secretary, Department of Forests and Environment, gave a welcome address and highlighted the various activities of the corporation. Mr. Parag Gupta, Chairman of the Corporation, Mr. P.K. Jenna and other senior officials were also present.


In the fiscal year 2019-20, the Forest Development Corporation received a total of Rs 10.54crore after tax, while the state government paid Rs 1.58crore in dividends.


Founded in 196, the Odisha Forest Development Corporation is the oldest forest corporation in the country. It has been benefiting for more than 15 years. There are 52 central timber depots and four firewood depots in 20 divisions across the state. This year, the corporation has planted 4.81 lakh saplings.

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