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Orissa Minerals Development Company Limited was incorporated in 1918. It operates various Iron Ore and Manganese Ore in various districts through leases.
OMDC has appointed Smt. Geeta Balmuchu as a Non-Official Director to its Board. Appointed by the President for three years, she brings 30 years of experience in social service and public life.
The Orissa Minerals Development Company (OMDC) reports a board change. LIC of India has appointed Shri Prafulla Jaipuria as its new Nominee Director on OMDC's Board, replacing Shri TR Mallick.
The Orissa Minerals Development Company (OMDC) has appointed Shri GVN Prasad as its new Managing Director and Director (P&P). He replaces Shri Vasudha Chandra Suratkal. Prasad, Director (Commercial) at RINL, brings extensive marketing experience.
The Board approved financial results for the quarter. Belkundi & Bhadrasai mines are suspended, but Bagiaburu Iron Mines are now operational. Auditors noted 222.375 acres of land not held by the company and couldn't verify quarterly mines stock; financials were prepared on a going concern basis.
OMDC named Shri Manish Raj Gupta, CMD (Addl. Charge) at RINL, as its new Non-Executive Chairman, replacing Shri AK Saxena. Gupta brings over three decades of steel industry experience from SAIL, a key leadership update for investors.