Orissa Minerals Development Comp
3,986.40
-98.80(-2.42%)
Market Cap₹2,391.84 Cr
PE Ratio-839.47
Company Performance:
1D-2.42%
1M-0.63%
6M-11.04%
1Y-19.81%
5Y+30.63%
View Company Insightsright
More news about Orissa Minerals Development Comp
15May 26
Supreme Court Dismisses OMDC's Special Leave Petitions Against Jai Balaji Industries Ltd
The Supreme Court of India dismissed two Special Leave Petitions filed by Orissa Minerals Development Company against Jai Balaji Industries Limited via a common order dated 08.05.2026, finding no grounds to interfere with the Calcutta High Court's judgment dated 09.12.2025 in FMA 939/2012 and FMA 941/2012. The bench of Hon'ble Mr. Justice Sanjay Kumar and Hon'ble Mr. Justice K. Vinod Chandran condoned the delay but dismissed the petitions outright. The company received the order on 13.05.2026 and made the requisite regulatory disclosure on 14.05.2026.
 no imag found
18Mar 26
OMDC Appoints GVN Prasad as Managing Director for One Year Term
The Orissa Minerals Development Company Limited appointed Shri GVN Prasad as Managing Director effective February 22, 2026, for a one-year term. Currently Director (Commercial) at RINL, Prasad replaces Shri Vasudha Chandra Suratkal and will also hold additional charge as Director (Production & Planning). A metallurgical engineer with IIM-Kozhikode executive management credentials, Prasad joined RINL in 1987 and has extensive marketing experience across various leadership roles. The appointment received government approval through the Ministry of Steel and was disclosed under SEBI listing regulations.
 no imag found
11Feb 26
OMDC Reports Strong Q3 FY26 Turnaround with Net Profit of ₹434.41 Lakh
The Orissa Minerals Development Company Limited achieved a remarkable financial turnaround in Q3 FY26 with net profit of ₹434.41 lakh compared to loss of ₹749.33 lakh in Q3 FY25. The Government of India enterprise reported strong nine-month performance with 12.45% revenue growth and 9.88% expense reduction, driven primarily by iron ore operations from Bagiaburu mines.
 no imag found
26Dec 25
OMDC Files Supreme Court Appeals Following High Court Defeat in Jai Balaji Case
Orissa Minerals Development Company Limited has escalated its legal battle with Jai Balaji Industries to the Supreme Court, filing two Special Leave Petitions on December 19, 2025, to challenge the Calcutta High Court's adverse judgment from December 9. The dispute stems from iron ore supply agreements dating back to 2003-2004, with the High Court having upheld 2012 arbitration awards favoring Jai Balaji Industries.
 no imag found
23Dec 25
Orissa Minerals Development Company Q2 Net Profit Surges 296.8% with Strong Revenue Growth
Orissa Minerals Development Company reported outstanding Q2 FY26 financial performance with net profit jumping dramatically by 296.8% to ₹314.11 million from ₹79.16 million year-on-year. The company achieved steady revenue growth of 7.4% to ₹2,512.75 million, demonstrating strong operational execution and effective cost management in the mining sector.
 no imag found
04Jun 25
Supreme Court Denies Mining Lease Renewals for Orissa Minerals Development
The Supreme Court has dismissed review petitions filed by Orissa Minerals Development Company and 3A Capitals, upholding the denial of renewal for the Kolha-Roida mining lease. The court also rejected renewal requests for the Thakurani and Dalki leases. This decision is expected to significantly impact Orissa Minerals Development Company's operations and future revenue streams. The ruling may set a precedent for similar cases in the mining industry, emphasizing the importance of regulatory compliance in mining lease allocations and renewals.
 no imag found
1 Year Returns:-19.81%
Industry Peers
NMDC
85.04
(+0.04%)
Gravita India
1,616.40
(+2.43%)
Ashapura Minechem
702.55
(-0.55%)
MOIL
281.05
(-2.40%)
20 Microns
192.46
(-3.80%)
Nile
1,873.30
(-0.36%)
Goa Carbon
380.60
(+0.41%)