OMC Pays Dividend Of Rs 1,000 Cr To Odisha Govt. Interim

Bhubaneswar(Reporters Today Bureau): State-run Odisha Mining Corporation (OMC) on Thursday paid an interim dividend of Rs 1,000 crore to the State Government for the Financial Year 2020-21.

On behalf of the OMC, Steel and Mines Minister Prafulla Mallick resented the dividend cheque to Chief Minister Naveen Patnaik through video conferencing.

Chief secretary Suresh Chandra Mahapatra received the cheque on behalf of the Chief Minister in the presence of OMC Chairman Surendra Kumar

OMC, the fastest growing mining company in India, recorded total revenue of Rs 5,162 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 the next two to three years.