OMC’s increasing profit and its contribution to Odisha’s coffer
MINES and MINERALS, Mining royalty, OMC February 18th. 2010, 4:34pmFollowing is an excerpt from a report in sify.in.
The state owned Orissa Mining Corporation (OMC) today paid a dividend of Rs 250 crore to the Orissa government for the year 2008-09. …
OMC has been paying dividend continuously for last five years with the dividend increasing from Rs 60 crore in 2004-05 to Rs 200 crore in 2007-08.
… OMC was able to prove its resilience with the highest turnover of Rs 2085 crore during the year.
The profit before tax (PBT) of OMC increased from Rs 528.04 crore to Rs 1890.22 crore in 2008-09.