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School Newsletter

The Paradip Refinery Employees Consumer Cooperative Society (PRECCS) was registered in 2011 under the Orissa Cooperative Societies Act to provide goods and services to its members. It began with four makeshift shops and has since expanded to include a grocery store, laundry, multiple vegetable/fruit shops, and an Indane retail dealership. The President reflects on PRECCS's growth while adhering to cooperative principles, and looks ahead to improving operations, transparency, and member participation through discussion at the annual meeting.

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Lalit mohan Pradhan
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48 views5 pages

School Newsletter

The Paradip Refinery Employees Consumer Cooperative Society (PRECCS) was registered in 2011 under the Orissa Cooperative Societies Act to provide goods and services to its members. It began with four makeshift shops and has since expanded to include a grocery store, laundry, multiple vegetable/fruit shops, and an Indane retail dealership. The President reflects on PRECCS's growth while adhering to cooperative principles, and looks ahead to improving operations, transparency, and member participation through discussion at the annual meeting.

Uploaded by

Lalit mohan Pradhan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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PARADIP REFINERY

EMPLOYEES CONSUMER
COOPERATIVE SOCIETY
Who we are

TIMELINE
11TH MARCH 2011

Registered under the Orissa


Cooperative Societies Act 1962

November 2011

18TH November 2013

comm

CONTACT US
OFFICE ADDRESS:
SHOP NO 18, IOCL REFINERY MARKET COMPLEX, PARADIP
EMAIL ID: PRECCSINDIANOIL @GMAIL.COM
CONTACT NO: 067222
WORDS FROM PRESIDENT

Good evening, and thank you for joining us today Looking back, we can vividly remember the humble
for our annual body meeting of the Paradip Refinery beginnings of our cooperative society. It was
Employees Consumer Cooperative Society. As the founded on the principles of unity, cooperation, and
President of this society, I stand before you to the collective strength of individuals striving for a
reflect on our accomplishments, discuss our better future. Our founders envisioned a platform
challenges, and outline the path we envision for the that would empower its members and foster
future. economic and social development within our
community.
First and foremost, I would like to express my
deepest gratitude to all our members for their On Dated. 11.3.2011. Paradip Refinery Employees
unwavering support and trust in our cooperative. Consumer Cooperative Society (PRECCS) along
Together, we have built a thriving community that with its Bye Laws, was registered under the Orissa
places the needs and aspirations of our members at Cooperative Societies Act 1962, HAVING
the forefront. The success we have achieved is a Registration number is 203/JS, with its registered
testament to our collective efforts and the principles office at Paradip refinery Township
that guide us: cooperation, solidarity, and shared
responsibility. The main objective of the Society was to arrange
for sale to it’s “members & other consumers “at
In the past years, our cooperative has faced reasonable rates all articles of consumption,
numerous challenges, including a rapidly changing domestic requirements and other necessities. for
market, economic uncertainties, and unforeseen this purpose open store/stores at suitable place
circumstances such as the global pandemic.
However, despite these hurdles, we have remained At this point in time there were around 150
resilient and adaptive, proving that our cooperative employees posted at township and four shops
model is not only sustainable but also essential in were in operation from garages of C Type quarters
times of crisis. The makeshift arrangement made since 2008-2009
were for two grocery shops, a vegetable shop and
I am proud to report that our cooperative has a barber shop.. However, with the influx of
continued to grow steadily. Our membership has employees, the arrangement was wholly
increased, allowing us to expand our services and inadequate and difficulty was being faced by
better meet the diverse needs of our members. I residents. Keeping the objective in focus, PRECCS
assure you that the board and management are started a cooperative store (which sells grocery
committed to continuously improving our items) by roping in the largest grocery store at
cooperative. We will invest in new business, Pradeep, namely DECCAN. The arrangement was
systems, and training to enhance operational that for the shopping space rented out to them
efficiency and member satisfaction. We will prioritize PRECCS will be paid a monthly rental and sell
transparency, ensuring that every member has grocery items to residents.
access to relevant information and can actively
participate in the decision-making process. And we
will remain dedicated to upholding the cooperative
values of democracy, equality, and solidarity
Further under its Supporting local
umbrella producers who
PRECCS adhere to
brought in four ethical and
more shops environmentally
viz ., a friendly
Laundry/Tailorin practices. By
g, two embracing
vegetables and sustainability,
one fruit shop . we not only
This mitigated contribute to a
the hardship of better future for
the township our society but
residents also inspire
to a great extent others to follow
. suit.

Furthermore, the Throughout this


Cooperative meeting, we will
(PRECCS) was delve into
granted Indane crucial
retail dealership discussions,
by IOCLs deliberate on
Marketing key issues, and
Department, in explore
Nov 2013, after solutions that
a lot of will shape the
procedural future of our
difficulties. The organization/co
dealership was mmunity/society
allowed after a . The diverse
security deposit expertise and
of Rs 2.5lacs perspectives
was made. This present in this
amount was room will
granted as an undoubtedly
interest free enrich our
advance to conversations
PRECCS. and pave the
way for
However, as we transformative
celebrate our outcomes.
achievements, it
is crucial to I appeal all of us
remember the to actively
people who participate,
have been the express our
backbone of our thoughts, and
cooperative engage in
society—the meaningful
founders, dialogue. Let us
dedicated staff foster an
members, and atmosphere of
most respect, open-
importantly, our mindedness,

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