Bhubaneswar: Odisha Mining Corporation (OMC) has set a target of increasing the ore production to 23 million tonne per annum (MTPA) by 2020-21, said a statement on Wednesday.
“The company is making best efforts for its production ramp up from 8 MTPA in 2017-18 to 11 MTPA in 2018-19 and 23 MTPA by 2020-21,” said the statement.
To actualize this vision, it has engaged leading management consultancy firm KPMG to strategize, realign the production and project planning in sync with the business growth strategy, redesigning structure, implement IT-enabled systems/processes and leverage new technology.
Meanwhile, OMC has made a foray into bauxite mining at Kodingamali mines in Q4 of 2017-18 adding to its product portfolio in the non-ferrous segment. OMC has also been allotted a coal block and it is expected to be operationalized in next three years.
OMC, the state-run public sector undertaking celebrated its 63rd Foundation Day here on Wednesday.
As part of its celebrations, OMC honoured distinguished scholar and son of the soil, Prof Dhanush Dhari Mishra, former director Indian Institute of Technology (Indian School of Mines), Dhanbad.
OMC is the largest State PSU in the mining sector in the country and sustains industrialization by providing iron, manganese, chrome and bauxite Ore to major metal and mining industries like Jindal, Bhusan Steel, NINL, RINL, VISA Steel etc.