OMC or Odisha Mining Corporation Limited was set up on 16th May 1956. It was started as a joint venture between Govt. of Odisha and Govt. of India. At that time, the Venture was initially eyeing towards harnessing the mineral wealth of the State of Odisha through exploration, extraction as well as value addition. 4 years later, OMC turned into a State-owned Corporation on 17th November 1961. Today, OMC deals in major minerals like:- chrome, iron and manganese ore which cater to the requirement of mineral based industries such as steel, sponge iron, pig iron, ferro-manganese, ferro-chrome, etc.
Career prospectus with OMC
- Visiting Medical Specialists
- Junior Engineer (Civil)
- Matric CT Teacher-II
- Jr. Pharmacist
- Jr. Nurse
- Asst. Teacher (TG), English
- Asst. Teacher (TG), Science (CBZ)
- Asst. Teacher (TG), Science(CBZ)
- Dy Manager (IT)
Why Join OMC?
The PSU has been growing steadily over the past years and today it stands as the largest State PSU in the mining sector of the country. With a recorded turnover of Rs.2756 crore in 2010-11, it is the largest PSU sector in mining. OMC has been classified as a “Gold” Category State PSU”. A 100% debt free profit making corporation.
The company recently adopted an ERP tool called SAP to streamline its business processes, bring synergy in functional activities across the organization, handle numerous business locations and expanding volumes. The tool also helps in bringing greater transparency in financial transactions and effective monitoring and financial control enabling the organization to take informed and timely decisions.
OMC received the honor of Golden Peacock Award in 2006-07. It was awarded by the Institute of Directors, New Delhi for successfully implementing SAP across the organization.
Status of Ongoing Events
The PSU is dedicated to give out consistent good performance from the past few years. In the pursuance of which has enabled OMC to undertake new capital intensive projects essential to sustain its good performance in the long run.
Joint Venture (JV) Projects: (Current)
OMC has been involved in diversifying its activities for which it has entered into sectors such as coal and bauxite mining and power generation. In this section we are going to discuss a number of Joint Venture that the company has formed or is in the process of formation.
- Mandakini-B Coal Corporation Ltd. (MBCCL)
- Signed between– OMC, Assam Mineral Development Corporation, Meghalaya Mineral Development Corporation & Tamil Nadu Electricity Board.
- Objective- to develop Mandakini-B coal block having a coal reserve of 1200 MT in Angul district for production of at least 15 MTPA of coal for power generation.
- Present status– MBCCL has sent all available data regarding valuation/ computation of compensation payable to the prior allottees / JV Company for Mandakini-B coal-block.
2.Nuagaon Coal Company Ltd.
- Signed between- OMC & Andhra Pradesh Mineral Development Corporation Ltd. (APMDC) on 50:50 sharing basis.
- Present status- OMC has sent all available data regarding valuation / computation of compensation payable to the prior allottee / JV Company for Nuagaon-Telisahi coal-block.
- JV with Rio Tinto Mineral Development (RTMD)
- Signed between- OMC & RTMD
- Signed on- 24 February 1995
- Objective- develop an integrated Project having production capacity of at least 15 MTPA of Iron ore from Gandhamardan (Keonjhar) & Malangtoli (Sundargarh) mining leases.
- Present status- To be Terminated
4.Odisha Thermal Power Corporation Ltd
- Signed between– Odisha Mining Corporation Ltd (OMC) and The Odisha Hydro Power Corporation Ltd (OHPC)
- Objective- to set up- a coal based supercritical thermal power plant of 3200 MW (3x800MW + 1x800MW Future) capacity in Kamakhyanagar Tehsil of Dhenkanal District.
5.Angul-Sukinda Railway Limited
- Present status- 60% of payment of compensation for private land has been made. Alienation of non-forest Govt. land is under process by the Tahasildar-cum- Land Acquisition Officer, Kamakhyanagar. Site specific studies like soil investigation, ground water survey, socio economic study, geological study, contour survey, area drainage study, hydrological study etc have been completed. Till date, OMC has invested Rs. 134.20 crore in the project.
- Objective- To develop, establish, finance, construct, operate and maintain the 104 KM long new rail-line between Angul and Sukinda in Odisha. This rail line will establish direct link between iron-ore belt of Joda-Barbil to Steel and iron industries in Angul Region and between coal mines of Talcher belt to industries in Jakhapura, Joda-Barbil and areas in Keonjhar district. The project also envisages, in long term, to reduce distance between industrial areas such as Rourkela and Dhamara/ Paradeep ports.
Financial Tie ups
- Haridaspur – Paradip (Haridaspur Paradip Railway Company Limited)
- About- HP RCL is a Non-Governmental Public Limited Company.
- Objective– develop financing, constructing and maintaining 82 Kms. of Broad Gauge Single Line between Haridaspur to Paradip in Odisha
- Importance– the line is a direct link between the iron ore rich areas in Odisha viz, Barbil Region to Paradip Port. The authorised share capital is Rs. 510 crore and the paid up share capital is Rs. 482.50 crore.
- Present status– Expenditure incurred till date- Rs.640.70 Crore.
- Design, Engineering, Supply, Construction, Erection, Commissioning & Performance Guarantee test of a new 1000 TPH Ore Handling Plant with 3200 TPH Mechanized Wagon Loading System including related railway infrastructure for Iron Ore mine at Daitari.
- About the Project- To boost up the production of iron ore from Daitari iron ore mines by 2.5 million ton per annum, OMC has decided to go for a new 1000 TPH Ore Handling Plant along with 3200 TPH Mechanized Wagon Loading System including related railway infrastructure.
- Present status- The project proposal has been approved by the Govt. of Odisha.
2.Installation of a new Chrome Ore Beneficiation Plant (COBP)at South Kaliapani
- Signed between– OMC & HWIPL
- Signed on– 30 October 2009
- Objective– new stand-alone Chrome Ore Beneficiation Plant of feed capacity of 1.5 Lakh TPA at South Kaliapani to upgrade low grade Chrome ore to High grade.
- Present status- after a hiccup it faced on its way of completion due to financial grounds. The matter was placed before the BoDs in its 414th meeting and now the matter has been referred to the State Govt. for a suitable decision.
3.Modification of existing COB Plant, Kalipani
- Present status- Completed.
- About the Project– Tailing disposal system for the existing & new COBP with provision for treatment of effluent water.
4.Construction of a tailing pond for both the COB plants at S. Kaliapani ML
- Present status- on the request of various agencies, the last date for receipt of bid was extended till 16 August 2016
5. Development of a commercially viable flowsheet to establish a small scale beneficiation plant to recover Chromite values from the tailings of COB plant.
- About the Project– Tailings generated from the operation of COB Plant will be examined for further beneficiation treatment after establishing a process flow sheet through Pilot plant testing at IMMT, BBSR.
- Present status– Work is in progress.
- Achievement– National Metallurgical Lab (NML), Jamshedpur has been awarded with the work for Pilot scale investigation.