Odisha

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.

OB Bureau

Recent Posts

Karan Johar’s Dharma Productions Hint At Ranbir-Deepika Starrer ‘Yeh Jawaani Hai Deewani 2’

Mumbai: Dharma Productions new social media post has left netizens speculating about a sequel to…

13 minutes ago

Asma Files For Divorce From Bashar al-Assad, But Will UK Welcome Her?

Bhubaneswar: Asma al-Assad, wife of ousted Syrian president Bashar al-Assad, has reportedly filed for divorce…

20 minutes ago

SCB Hospital’s 2nd Campus In Cuttack To Be Completed By 2025, Says Law Minister

Cuttack: The second campus of SCB Medical College and Hospital in Cuttack would be completed…

27 minutes ago

Armed Robbers Loot Businessman In Odisha’s Cuttack

Cuttack: Armed miscreants threatening businessmen and looting them at gunpoint appeared to have become a…

1 hour ago

Sandhya Theatre Stampede: Security Beefed Up At Actor Allu Arjun’s Home After Vandalism

Hyderabad: A day after vandalism at Allu Arjun’s Jubilee Hill residence, the state police on…

1 hour ago

Odisha Congress Demands Amit Shah’s Resignation Over Remarks On Ambedkar

Bhubaneswar: Stepping up their attack on Union Home Minister Amit Shah over his remarks on…

1 hour ago

This website uses cookies.