PARADIP REFINERY

EMPLOYEES CONSUMER
COOPERATIVE SOCIETY
Who we are

a type of organization formed by employees of Indian oil corporation TIMELINE

limited paradip who come together voluntarily to meet their common
economic, social, and cultural needs and aspirations. It is based on
the principles of self-help, mutual aid, democratic control, and 11TH MARCH 2011
equitable distribution of benefits.
Registered under the Orissa
The primary purpose of this cooperative society is to Inspiring Mutual help Cooperative Societies Act 1962
and Cooperative values with honesty, dignity, proactively, responsiveness,
commitment and professionalization for regularization of sustained and
planned economic growth and socio-cultural upliftment of the employees of
paradip refinery. Apart from this our commitment to arrange for the sale to its November 2011
"Members and other Consumers" at reasonable rates all articles of
consumption, domestic requirements and necessities of life bought by it

Registered under the Orissa Cooperative Societies Act 1962 on dated 18TH November 2013
11th march 2011 is bound to abide the Orissa Cooperative Societies rules
1965 Commencement of indane gas
service
Registered under the Orissa Cooperative Societies Act 1962

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 its “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 the 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. Further under its
access to relevant information and can actively umbrella PRECCS brought in four more shops
participate in the decision-making process. And we viz ., a Laundry/Tailoring, two vegetables and one
will remain dedicated to upholding the cooperative fruit shop This mitigated the hardship of the
values of democracy, equality, and solidarity township residents to a great extent.
Furthermore, the Cooperative (PRECCS) was granted who adhere to ethical and environmentally friendly
Indane retail dealership by IOCLs Marketing practices By embracing sustainability, we not only
Department, in Nov 2013, after a lot of procedural contribute to a better future for our society but also
difficulties. The dealership was allowed after a inspire others to follow suit.
security deposit of Rs 2.5lacs was made. This amount
was granted as an interest free advance to PRECCS. Throughout this meeting, we will delve into crucial
discussions, deliberate on key issues, and explore
However, as we celebrate our achievements, it is solutions that will shape the future of our society.
crucial to remember the people who have been the The diverse expertise and perspectives present in
backbone of our cooperative society—the founders, this room will undoubtedly enrich our conversation
dedicated staff members, and most importantly, our and pave the way for transformative outcomes.
members. Each and every one of you has contributed
to the success we enjoy today. Your unwavering I appeal all of us to actively participate, express ou
support, trust, and active participation have made us thoughts, and engage in meaningful dialogue. Let
who we are. us foster an atmosphere of respect, open-
mindedness, and inclusivity, where every voice is
In light of this, I propose that we focus our attention heard, and diverse viewpoints are valued.
on three key areas to ensure the continued success
of our society: As we proceed, I urge us to keep our objectives in
mind and remain focused on the goals we aim to
1. Strengthening Member Engagement: achieve. Together, let us harness our collective
Our society thrives on the active participation and knowledge, experience, and skills to find innovativ
engagement of its members. We must encourage and solutions, overcome challenges, and seize the
facilitate open communication channels to gather opportunities that lie ahead.
feedback, suggestions, and ideas from every
member. By fostering a sense of ownership and I am confident that the outcomes of this meeting w
inclusivity, we can enhance the overall experience lead us towards positive change, growth, and
and satisfaction of our members. progress. Let us embrace this moment with
enthusiasm, dedication, and a deep sense of
2. Embracing Digital Transformation: purpose, knowing that our collective efforts can
Technology is transforming the way we live, work, and make a significant impact.
conduct business. To stay relevant and competitive,
we must embrace digital transformation. This includes Once again, I extend my sincere gratitude to each
adopting modern systems for inventory management, of you for being here today and for your unwaverin
streamlining our operations, and leveraging online commitment to our shared mission. May this
platforms to expand our reach. By doing so, we can meeting be fruitful, inspiring, and a catalyst for
enhance efficiency, convenience, and accessibility for meaningful change
our members.

3. Promoting Sustainable Practices:

As a responsible co-operative society, we must
prioritize sustainability in all our endeavors. This
involves implementing eco-friend initiatives, reducing
our carbon footprint, and supporting local producers