Odisha State Road Transport Corporation
Odisha State Road Transport Corporation or OSRTC is the state owned road transport corporation in the eastern Indian state of Odisha. It is acknowledged for its distinguished service for safe and lowest cost of operation with a fleet of 462 buses. History. The Odisha State Road Transport Corporation (OSRTC) established under the Orissa State Road Transport Corporation Act. (1950), commenced its business of passenger transport services from 15 May 1974. In 1948, the State Govt. took over operation of bus services run by erstwhile princely states under State Transport Services (STS) of Transport Department. In  1950, the Central Act, R.T.C. Act was enacted (Act No. 64 of 1950) which required creation of Road Transport Corporations under respective State Governments. The OSRTC was created w.e.f. 15.5.1974 and the assets and employees of State Transport Services were transferred to OSRTC. The Corporation started functioning with Share Capital Contribution from the State Govt. and the Central Govt. in the ratio of 2:1. The O.R.T. Company, operating mostly in the southern parts of the state merged with the OSRTC in 1990 along with all its assets, liabilities and employees. Divisions. Odisha State Road Transport Corporation (OSRTC) has three divisions  comprising a total of 23 depots. Accolades. Apart from all these accolades, the success story of OSRTC has been included in the syllabus of Indian Institute of Management Ahmedabad as a case study.