State Public sector IDCOL is doing well
State Bureaucrats (IAS, OAS, etc.), State Public Sectors March 30th. 2008, 4:02pmFollowing is an excerpt from a report in Pioneer and tathya.in.
The State-run Industrial Development Corporation of Orissa Limited (IDCOL) plans to invest Rs 1,000 crore by 2015. Speaking on the occasion of the 47th Foundation Day of the IDCOL on Saturday, its Managing Director Ashok K Meena said a Vision Document has been prepared and, accordingly, the investment proposition has been envisaged.
He announced that with the rate of success in achieving Rs 475 crore as turnover and Rs 100 crore as cash surplus, the PSU has embarked upon for short, medium and long-term measures to make the industrial conglomerate a really international one.