OMC pledges Rs 500 cr to combat Covid-19

OMC pledges Rs 500 cr to combat Covid-19

Source: Google

State-owned mining entity Odisha Mining Corporation (OMC)(OMC pledges Rs 500 cr to combat Covid-19) has contributed Rs 500 crore to the Chief Minister’s Relief Fund (CMRF) to help combat the spread of the lethal Covid-19 pandemic.

OMC’s chairman Sanjeev Chopra(OMC pledges Rs 500 cr to combat Covid-19) chaired a meeting of the board of directors wherein it was also decided to declare an interim dividend of Rs 250 crore for 2019-20. Earlier, OMC had contributed Rs 100 crore to CMRF in February 2020.

COVID-19 has created an extraordinary situation across the world. The state government has taken pro-active measures to contain the spread of the virus. The Chief Minister has appealed for support from all sections of the society.

Lately, OMC had also inked a tripartite agreement with the state department of health & family welfare and Bhubaneswar-based Kalinga Institute of Medical Sciences (KIMS)(OMC pledges Rs 500 cr to combat Covid-19) to set up a 500-bedded exclusive hospital for treatment of Covid-19 patients.

R Vineel Krishna, IAS and managing director of OMC signed the pact. Despite the scare of the pandemic, OMC is continuing normal production of critical raw materials like iron ore and chromite.

The state-owned PSU, though, is confronting resistance from unnerved locals at its flagship Gandhamardhan and Daitari mines. The blockade by locals has affected ore despatch and lifting.

Though the onus of ore lifting rests on the end-user industries, OMC is taking all possible steps to ensure smooth and uninterrupted despatches. 

In view of the global pandemic, OMC has also decided to defer it is iron ore and chrome ore e-auctions which are normally held every month. The existing prices of iron ore lumps as discovered at the last electronic auctions have been rolled over till April 14.