Orissa Minerals Development Comp
3,798.90
+10.70(+0.28%)
Market Cap₹2,279.34 Cr
PE Ratio-85.07
Company Performance:
1D+0.28%
1M-3.79%
6M-22.46%
1Y-19.40%
5Y+15.35%
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More news about Orissa Minerals Development Comp
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.
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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.
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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.
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1 Year Returns:-19.40%
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