Odisha Mining Corporation donates Rs 500 cr to CMRF

Bhubaneswar: The Odisha Mining Corporation (OMC) Thursday contributed an amount of Rs 500 crore to the Odisha Chief Minister’s Relief Fund. Besides, the Odisha Agro Industries Corporation and the Odisha Cashew Development Corporation paid a dividend of Rs 3.76 crore to the State Government. Chief Minister Naveen Patnaik attended the programme through video conference. The Chief Minister thanked all the three corporations for this support during the pandemic.

While the Agro Industries Corporation 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 Chief Secretary Suresh Chandra Mohapatra for their respective corporations.

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

For the OMC, Chairman Surendra Kumar handed over a cheque of Rs 500 crore to the Chief Secretary. Briefing on the activities of the OMC, he said that OMC made a growth of 5.42 percent during last financial year despite the pandemic. The total mineral production last year was 17.12 million tons.

In the last financial Year, OMC achieved a sales revenue of Rs 5,592 crore, which was 36.60 percent higher than the previous year. OMC aims to achieve 1 billion dollar revenue by next year.

The corporation is also supporting many welfare programmes of the state. It is funding 10 dedicated Covid hospitals in eight districts of the state.

newslive odisha

News Live Odisha

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button