Business Standard

Wednesday, January 22, 2025 | 10:31 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Odisha Mining Corp pays Rs 1,420 crore dividend to state govt

It has 18 operational mines and produced 29.68 mt of iron ore, 3 mt of bauxite and 1.08 mt of chrome ore, registering a 14.9 per cent growth in ore production over the previous financial year

Photo: Bloomberg

Photo: Bloomberg

Press Trust of India Bhubaneswar

Listen to This Article

Iron ore producer Odisha Mining Corporation paid a dividend of Rs 1,420 crore to the state government for the 2022-23 fiscal, an official said on Thursday.

Steel and Mines Minister Prafulla Kumar Mallik handed over a cheque of Rs 1,420 crore to Chief Minister Naveen Patnaik here on Wednesday, he said.

Odisha Mining Corporation, one of the largest iron ore producers in the country, recorded a turnover of Rs 14,450 crore in the 2022-23 financial year.

It has 18 operational mines and produced 29.68 mt of iron ore, 3 mt of bauxite and 1.08 mt of chrome ore, registering a 14.9 per cent growth in ore production over the previous financial year, the official added.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 20 2023 | 4:26 PM IST

Explore News