Home Mining OMC Contributes 500 Cr To CMRF

OMC Contributes 500 Cr To CMRF

Bhubaneswar: Supporting the State Government’s efforts to control Covid-19 infection, State PSU Odisha Mining Corporation (OMC) on Thursday contributed an amount of Rs 500 crore to Chief Minister’s Relief Fund (CMRF).

Chairman of OMC Surendra Kumar handed over the cheque to Chief Secretary Suresh Chandra Mahapatra here at Lok Seva Bhawan in presence of Chief Minister Naveen Patnaik through video conferencing mode.

Briefing on the activities of the OMC, Kumar said that the Corporation has made a growth of 5.42 per cent during last financial year despite the pandemic. The total mineral production last year was 17.12 million tonnes. The Corporation, during last financial year has achieved total sales revenue of Rs 5592 crores – an increase of 36.60 per cent compared to the previous fiscal. It is on its path to double the production and sales in the next two years and achieve $1 Billion revenue in the next year.

The Corporation is also supporting many welfare programmes of the state. It is funding 10 dedicated Covid hospitals in 8 districts of the State.

With OMC growing over the years, the Corporation has always supported the State Government in its people-centric welfare programs.  In FY 2020-21, the OMC contributed Rs1982.10 crores towards its people-centric welfare programmes including Rs 1000 crores as dividend and Rs 520 crores to CMRF.

Similarly, the Odisha Agro Industries Corporation (OAIC) and Odisha State Cashew Development Corporation (OSCDC) today paid a dividend of Rs 3.76 crores to the State Government. Chief Minister Naveen Patnaik graced the occasion on a virtual platform.

The Chief Minister thanked all the three corporations for this support during the pandemic.

While the OAIC paid an amount of Rs 3,29,76,362 at 30 percent of net profit for the year 2017-18, the Cashew Development Corporation paid a dividend of Rs 46,51,200 at 30 percent of net profit for the year 2018-19.

OAIC Chairman Debashis Mohanty and OSCDC Chairman Amarendra Mohanty handed over the cheques to the Chief Secretary for their respective corporations.

Agriculture Production Commissioner (APC) Raj Kumar Sharma briefed on the activities of both the corporations. It may be mentioned here that established in 1962, the OAIC hasbeen making profits since 2015-16. It’s promoting farmers’ empowerment through farm mechanization in the state. Similarly, established in 1979, the OSCDC has been making profits since 1995-96.

Among others, Agriculture & Farmers Empowerment Minister Arun Kumar Sahoo, Secretary to CM (5T) VK Pandian, Agriculture Secretary SK Vashisth, Managing Director of OMC, Balwant Singh and senior officials of the three PSUs were present during the programme.

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