OMC pays Rs 500 cr dividend to Odisha govt

BHUBANESWAR: The state PSU Odisha Mining Corporation (OMC) on Thursday paid a dividend of Rs 500 crore to Odisha government.

Steel and Mines minister Prafulla Mallick handed over a cheque of Rs 500 crore to Chief Minister Naveen Patnaik towards OMC’s dividend against the state government’s equity holding in the company.

Steel and Mines department secretary and chairman-cum-managing director of OMC Raj Kumar Sharma was present during the handing over the cheque to the Chief Minister.

It is to be noted that the state mining PSU had paid Rs 250 crore in 2008-09, Rs 100 crore in 2009-10, Rs 285 crore in 2010-11, Rs 500 crore in 2011-12, Rs 400 crore in 2013-14 and Rs 500 crore in 2013-14.