The Institute Of Physics (IOP) works in close cooperation with universities / institutions of the country and hence acts as a booster for make up of scientific manpower. The institute carries out research tasks in theoretical and experimental areas of High Energy, Nuclear, Atomic, Molecular and Condensed Matter Physics, and accelerator based basic and applied sciences.

The institute has developed an excellent laboratory for surface sciences research. The Ion Beam Laboratory (IBL) is nerve center of the Institute. Almost all the experimentation activities begin from 3MV Pelletron Accelerator located in the Ion Beam Laboratory of the institute.

All the internal as well as external affairs of the institute are managed by governing council of the institute. The governing council consists of The Chairman, The Director, the members nominated by DAE and Government of Orissa. The chairman of the council is an eminent scientist.