OMC Clocks 17% Growth In Iron Ore Production In Odisha

Bhubaneswar: The Odisha Mining Corporation (OMC) produced 29.7 million tonnes of iron ore in the last financial year, registering 17% growth over the previous fiscal.

During the 2021-22 financial, the OMC had recorded 25.31 million tonnes of iron ore production.

The state-owned PSU of Odisha clocked total ore production of 33.76 million tonnes in the FY 2022-23 – with 29.68 MT iron ore, 3 MT bauxite and 1.08 MT of chrome ore – registering 14.9% cumulative growth compared to the FY 2021-22, the OMC said in a release.

Similarly, OMC’s sales of total ores stood at 28.6 million tonnes registering 3.1% Y-o-Y growth over the FY 2021-22. In the last fiscal (FY 2022-23), the iron ore sales was 23.8 million tonnes whereas sales of bauxite and chrome ores were 3.61 and 1.16 million tonnes respectively.

In the last financial year, OMC’s 80328 meter of drilling surpassed its’ previous highest drilling meterage achieved in FY 22.

OMC has presently 18 operating mines in Odisha. The major minerals mined by OMC are chrome, iron and bauxite ore which cater to the requirement of mineral based industries such as steel, sponge iron, pig iron, aluminium, ferro-manganese, ferro-chrome, etc.OMC also operates decorative stone under minor mineral category.

OMC has been growing steadily over these years and today it stands as the largest State PSU in the mining sector of the country.

The state PSU has witnessed holistic growth over the years. The Daitari and Kodingamali mines of the Company have received the prestigious IBM 5 star rating in the last financial year for fostering sustainable mining practices.As part of its CSR program,OMC has partnered with Odisha Adarsha Vidyalayas to set up of five CBSE medium schools in the mining areas which will start from the present academic session.

OMC has also committed to contribute 3% of its net profit for the development of sports in the State and also contributing immensely for development of Hockey in India.

It has been contributing substantially towards the socio-economic development of the people especially residing in its mining periphery through its various CSR initiatives.

In addition, the company has been contributing for the noble initiatives of the Odisha government intending for the welfare of the people.