Odisha Mining Corporation pays a dividend of Rs 1420 Crore to Odisha Government for FY 2022-23

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Minister for Steel, Mines & Works, Prafulla Kumar Mallik, on behalf of State-run Odisha Mining Corporation on Wednesday paid a dividend cheque of Rs 1420 Crore to Chief Minister Naveen Patnaik for the Financial Year 2022-23.

By Our Correspondent

BHUBANE SWAR:  Minister for Steel, Mines & Works, Prafulla Kumar Mallik, on behalf of State-run Odisha Mining Corporation on Wednesday paid a dividend cheque of Rs 1420 Crore to Chief Minister Naveen Patnaik for the Financial Year 2022-23.

Deoranjan Kumar Singh Additional Chief Secretary, Steel & Mines Department-cum-Chairman, OMC; V K Pandian, Secretary to CM (5T); Balwant Singh, Managing Director, OMC. Also present were Satyajit Mohanty, Director (Finance), Sabyasachi Mohanty, Director (Operations), Alok Kumar Pal Director (HR) and Dr  Kshirod Chandra Brahma, Director (P&P) of OMC were among those present

OMC,  recorded a turnover of Rs.14,450 crore in the Financial Year 2022-23. Having a total of 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 of 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.

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