What we do OMDC is India's oldest mining company focused on extraction and production of iron ore, manganese ore, and sponge iron, primarily operating in Odisha. |
Founded in 1,918 |
Market share Leading regional iron ore and manganese miner with key mining leases in Odisha. Subsidiary of Eastern Investments Ltd under RINL. |
Problem solved Supplying essential raw materials like iron and manganese ores to support steel and manufacturing industries in India. |
Top clients or who we serve B2B model serving steelmakers and mineral exporters; partnered through joint ventures and direct sales channels. |
Key management Shri Vasudha Chandra Suratkal (MD, Additional Charge), Shri Arindam Maitra (CFO), Shri Pintu Kumar Biswal (Company Secretary). |
Our journey and innovations Founded in 1918, nationalized in 1980s, expanded into sponge iron in 2004; modernized mines and resumed operations recently after legal clearances. |
Where we operate Operations concentrated in Odisha's Keonjhar district; exports done via direct export channels since 2005-06. |
Top products or what we offer Iron ore, manganese ore, and sponge iron produced from multiple mining leases primarily at Barbil, Odisha. |
Top brands - |
Raw materials needed Mining raw materials inherently; operational inputs include equipment and energy for extraction and processing. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is cyclical, closely tied to steel industry demand and mining lease operations. |
Our industry position Recognized as one of the oldest iron ore miners in India with significant leased mining assets in Odisha. |
Financial highlights FY 2024-25 revenue approx. Rs 71 crore with net loss of Rs 40.22 crore, reflecting transitional operations and legal challenges. |
Geographical revenue split 100% revenue from India, mainly Odisha region. |
Order book - |
Whats driving growth Mine operationalization post clearance, government support, and expansion in iron ore production capacity. |
Our future plans Enhance production capacity via technological upgrades and resume full operations of all mining leases. |
Our green promise Compliance with environmental and forest clearance mandates; ongoing efforts to secure clearances and sustainable mining practices. |
Our people and values Employee strength 178 with inclusion of SC/ST/OBC communities; focus on safety, gender equality, and fair labor practices. |
Key challenges ahead Legal disputes over lease renewals, substantial accumulated losses, and securing environmental clearances for mine operations. |
Interesting facts OMDC celebrated 107 years in 2025, pioneered sponge iron production in joint venture since 1999, and transitioned to a government company. |
Risks and strategy Legal uncertainties over BPMEL lease renewals and financial constraints mitigated by loan infusion from parent RINL and focus on operational mines. |
