The Business Bytes
TBB BUREAU
BHUBANESWAR, JUNE 17, 2021
State-run Odisha Mining Corporation (OMC) has contributed Rs 500 crore to the Chief Minister’s Relief Fund (CMRF) on Thursday for supporting the State government’s efforts to control the present COVID-19 situation.
OMC Chairman Surendra Kumar handed over a cheque worth Rs 500 crore to State Chief Secretary Suresh Chandra Mahapatra at Lok Seva Bhawan in presence of Chief Minister Naveen Patnaik through videoconferencing.
Also present were 5-T Secretary V. K. Pandian, OMC Managing Director Balwant Singh, and senior officials of OMC.
With OMC growing over the years, the Corporation has always supported the State Government in its people-centric welfare programmes.
As a responsible PSU, OMC has been contributing significantly towards CMRF, CSR, DMF, peripheral development, sponsorship and donation. In FY2020-21, OMC contributed Rs.1982.10 crore towards these welfare programme including Rs. 1000 crore as Dividend and Rs. 520 crore to CMRF.
OMC is also funding 10 dedicated Covid-19 hospitals in eight districts across the state.
Notwithstanding the Covid-19 pandemic, OMC registered 5.42 percent growth in FY 2020-21 in production of iron, chrome and bauxite ores with a total production of 17.12 million tons of minerals. In FY21, OMC achieved total sales revenue of Rs. 5592 crore, an increase of 36.60 percent compared to FY20.
OMC aims at doubling its production and sales figures in next two years, and achieving $1 billion revenue in the next year.
