OMC pays Rs 1,420 crore as dividend to Odisha Govt


Bhubaneswar, July 19: The State-run Odisha Mining Corporation (OMC) paid a dividend of Rs 1,420 crore to the State Government for the Financial Year 2022-23 here on Wednesday.

Steel and Mines Minister Prafulla Kumar Mallik handed over a cheque of Rs 1,420 crore to Chief Minister of Naveen Patnaik.

The OMC, one of the largest iron ore producers in the country, recorded a turnover of Rs14,450 crore in the Financial Year 2022-23.

Having total 18 operational mines, the State-owned Corporation registered a total ore production of 33.76 million tonnes in the Financial Year 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.


Present on the occasion were Deoranjan Kumar Singh Additional Chief Secretary, Steel & Mines Department-cum-Chairman, OMC; VK Pandian, Secretary to CM (5T), Balwant Singh, Managing Director, OMC.


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