Orissa Minerals Development Comp
4,817.10
-124.80(-2.53%)
Market Cap₹2,890.30 Cr
PE Ratio241.85
Company Performance:
1D-2.53%
1M-0.52%
6M-4.50%
1Y-45.70%
5Y+135.56%
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Latest news about Orissa Minerals Development Comp
Supreme Court Denies Mining Lease Renewals for Orissa Minerals Development Jun 04, 2025
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.