OMC contributes Rs.1000-crore to the state exchequer

The Samikhsya Bureau

BHUBANESWAR: Odisha Mining Corporation (OMC), the state-owned public sector undertaking, paid an interim dividend of Rs.1000-crore to the State Government for the financial year 2020-21 here on Thursday.

Prafulla Kumar Mallik, Minister of Steel & Mines, presented the cheque to Chief Minister Naveen Patnaik through video conferencing.

Chief secretary Suresh Chandra Mahapatra, and  Secretary to the Chief Minister and  Secretary of 5T V K Pandian were present on the occasion.

Among others, Surendra Kumar, Chairman, OMC-cum-Principal Secretary, Steel & Mines; A K Meena, Principal Secretary, Finance and Balwant Singh, MD of OMC were also present along with senior officials of OMC.

OMC has been the fastest growing mining companies in India that has recorded a total revenue of Rs. 5162 crore in 2020-21 – up by 34% than the previous fiscal year, the officials shared.

The Corporation is committed to doubling the production and revenue in next three years, they added.

OMC owns 10 operational mines that includes seven iron, two chrome and one bauxite ore mines.

OMC has been an integral part of the State Government’s welfare activities. It has  contributed Rs. 500-crore to the Chief Minister’s Relief Fund to the state for Covid-19 management apart from funding 10 Covid hospitals in eight districts of the state, the officials stated.