GLOBAL TIMES NEWS | SEPTEMBER 29, 2026 , BHUBANESWAR: Odisha Renewable Energy Development Agency (OREDA) Limited has recorded a significant financial milestone by declaring and paying its first-ever dividend of ₹1.07 crore to the Government of Odisha for the financial year 2024-25.
The dividend cheque was presented to Deputy Chief Minister and Minister for Agriculture & Farmers’ Empowerment and Energy, Kanak Vardhan Singh Deo, in Bhubaneswar on September 29.
OREDA Limited, a Government of Odisha undertaking under the Department of Energy, was incorporated on May 9, 2024. Despite being in its first year of operations, the company reported a net profit of ₹3.57 crore for 2024-25.
The declaration of a dividend during its first financial year has been highlighted as an important financial achievement for the state-owned entity. The development also reflects OREDA’s focus on maintaining financial discipline while pursuing its mandate in the renewable-energy sector.
OREDA has been working on initiatives aimed at expanding renewable energy and promoting sustainable energy solutions across Odisha. The agency’s activities form part of the state’s broader efforts to strengthen clean-energy infrastructure and increase the use of renewable sources.
The dividend cheque was handed over in the presence of 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 Energy Department.
The first dividend marks an early financial milestone for OREDA as the state-owned organisation continues its work in Odisha’s renewable-energy landscape.
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