Bhubaneswar: The Odisha Tourism Development Corporation (OTDC) made a turn around in 2017-18. This for the first time the state-owned corporation engaged in promoting tourism in the state posted net profit.
The state tourism minister, Ashok Chandra Panda, accompanied by his principal secretary Mona Sharma and OTDC managing director Dr. Nitin Bhanudas Jawale, met the chief minister on Tuesday and presented a cheque of Rs 1 crore towards the state government’s share of dividend payments.
OTDC was making loss till 2002-03 and it was from 2003-04 it started posting profits. In 201
5-16, the Corporation made a net profit of Rs 5.89 crore and the accumulated profit as on March 31, 2017 stands at 26.20 crore. The state government has invested Rs 9.62 crore as equity in the Corporation.
OTDC is running 20 hotels and the largest fleet of A/C coaches in the state.