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Odisha State Beverages Corporation was incorporated as a company in the month of November 2000 under the companies Act 1956. This is a company fully owned by the Govt. of Odisha with paid up capital of Rs. 1 crore and authorized capital of Rs. 5 crore. Under Section 20-A of Bihar and Orissa Excise Act, 1915, and by virtue of a notification no. 514/Ex. dated 31.1. 2001 of Government in Excise Department, the right to carry on the importing, exporting and the wholesale trade and distribution of foreign liquor in the State solely vest in OSBC Ltd. The main purpose with which the corporation has come into being is to provide transparency in distribution and supply system of Indian Made Foreign Liquor (IMFL), Foreign Made Foreign Liquor (FMFL), Country Spirit (CS), and Beer; to exercise control over quality of the same; and to sell the same to the licensed retail vendors who then sell it to the consumers at their designated retail outlets in the State and, further, to garner revenue to the State exchequer.
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