OMC Pays Rs 1,420 Crore Dividend To Odisha Govt For 2022-23

Bhubaneswar: State-run Odisha Mining Corporation (OMC) on Wednesday paid a dividend of Rs 1420 crore today to the state government for the financial year 2022-23.

Steel, Mines & Works Minister Prafulla Kumar Mallik handed over a cheque of Rs 1420 crore to Chief Minister of Naveen Patnaik, an official release said on Wednesday.

OMC, one of the largest iron ore producers in the country, recorded a turnover of Rs 14,450 crore during 2022-23. Having total 18 operational mines, the state-owned Corporation registered a total ore production of 33.76 million tonnes in the 2022-23 with 29.68 MT iron ore, 3 MT bauxite and 1.08 MT of chrome ore – registering 14.9% growth over the previous financial year.

OMC has supported the state government in many of its flagship welfare programmes. It has also been contributing substantially towards the socio-economic development of the people especially residing in its mining periphery through its various CSR initiatives.

Additional Chief Secretary of Steel & Mines department Deoranjan Kumar Singh, 5T Secretary VK Pandian, OMC Managing Director Balwant Singh, OMC Director (Finance) Satyajit Mohanty, Director (Operations) Sabyasachi Mohanty, Director (HR) Alok Kuamr Pal and Director (P&P) Kshirod Chandra Brahma among others were present on the occasion.