Odisha Mining Corporation pays Rs1000 crore as interim dividend to state Govt

Bhubaneswar: State-run Odisha Mining Corporation (OMC) on 18th March 2021 paid interim dividend of Rs. 1000 crore to the State Government for the Financial Year 2020-21. Shri Prafulla Kumar Mallik, Hon’ble Minister, Steel & Mines, handed over the cheque of ₹1000 crore to Shri Naveen Patnaik, Hon’ble Chief Minister of Odisha through video conferencing.
Shri Suresh Chandra Mahapatra, IAS, Chief Secretary, Odisha was present on the occasion along with Shri Surendra Kumar, IAS, Chairman, OMC-cum-Principal Secretary, Steel & Mines; Shri A K Meena, IAS, Principal Secretary, Finance; Shri V K Pandian, IAS, Secretary to CM & Secretary to CM Transformation and Initiatives (5T); Shri Balwant Singh, IAS, MD, OMC and senior officials of OMC.
OMC, the fastest growing mining companies in the country, has recorded total revenue of Rs. 5162 crore in the Financial Year 2020-21 so far which is up by 34% YoY compared to the last FY (2019-20). The mining PSU aims for doubling the production and revenue in next two to three years.
The Corporation, which operationalised two new mines Jhilling-Langlotta and Guali in February 2021, has total 10 operational mines having seven Iron, two Chrome and one Bauxite ore mines.
OMC has supported the state government in many of its flagship welfare programmes. It contributed Rs. 500 crores to the CMRF to support the state government in its fight against the Covid-19 pandemic and also funded for 10 Covid hospitals in eight districts of the state. The mining PSU has been contributing immensely in the mining communities as part of its CSR initiatives.