Telangana police housing Corp eyes Rs 300-cr turnover in FY18

The Telangana State Police Housing Corporation Ltd (TSPHCL) has set a turnover target of Rs 300 crore for the current financial year, up from Rs 200 crore achieved in last fiscal, a senior official said today.
"The corporation has prepared plans to achieve a turnover of Rs 300 crore during this financial year by undertaking new works, including construction of police buildings in the newly formed districts," TSPHCL Chairman Koleti Damoder told reporters here.
The TSPHC was carved out of the Andhra Pradesh State Police Housing Corporation and came into existence as a separate entity in August 2015. The corporation's turnover during FY 2013-14, prior to the division, was Rs 285.65 crore.

Its turnover in the last fiscal stood at Rs 200 crore.
The corporation has been established with the main objective of constructing buildings for police stations, commissionerates and barracks of police, prisons, fire and disaster management departments.
However, it also undertook construction of buildings of other government departments such as technical education, forest, prohibition and excise, State Warehousing Corporation, PVNR Veterinary University, officials said.
With financial assistance from the Centre, the corporation has also taken up construction of 30,000 police residential quarters and buildings housing offices of various wings of the force, they said.
The state government has sanctioned Rs 375 crore for construction of buildings of 13 district police offices and two commissionerates, Damoder said.