THE ORISSA MINERALS DEVELOPMENT COMPANY LIMITED

Last Updated on ' Tue Oct 13 00:00:00 IST 2020 '
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Description
The Orissa Minerals Development Company Limited OMDC was incorporated on 16th August, 1918 .It was Nationalized by Government of India through the Bird & Company Ltd Acquisition and Transfer of undertaking and other properties Act, 1980 Act No 67 of 1980 in the year 1980.It became a Schedule-B PSU w.e.f 19th March, 2010 and a subsidiary of EIL, which also become PSU on 19th March 2010. Eastern Investment Limited EIL became a subsidiary of RINL Rashtriya Ispat Nigam Limited on 5th January, 2011, so OMDC is also a subsidiary company of RINL. The authorized as well as paid up share capital of the company is Rs. 0.60 Crores having 60,00,000 shares of Rs. 1 each. The company is listed at Calcutta Stock Exchange CSE, National Stock Exchange NSE and got trading permission to trade under permitted category in the Bombay Stock Exchange BSE. OMDC operates six Iron Ore and Manganese Ore mining leases at Barbil in the district of Keonjhar, Odisha. The leases are Dalki Manganese Mines, Kolha Roida Iron & Manganese mines, Thakurani Iron & Manganese Mines, Belkundi Iron & Manganese Mines, Bariaburu Iron Mines and Bhadrasai Iron & Manganese Mines. The lease rights of all the six mines have expired and the six mines are inoperative for want of Statutory Clearances, for which necessary actions is taken by the company to start mining. The company is meeting its expenses from the interest earnings. The mines of OMDC together have an estimated reserve of about 206 million tonnes of Iron Ore and 44 million tonnes of Manganese Ore. As per Indian Bureau of Mines IBM approval, OMDC was having annual production capacity of 2.20 million ton of Iron Ore and 0.1 million ton of Manganese Ore. Corporate plan of OMDC for 2012-22 envisages production of 10 million tons of Iron Ore and 1 million tons of Manganese Ore and 2 million ton per annum MTPA beneficiation and 2 MTPA pellet plant at Barbil, Odisha. As on 31st March 2016, the net worth of OMDC is Rs. 834.91Crores Presently & employee strength of the company is 514.
Sector
Materials
Sub Sector
Mine
Company Type
Unlisted
Type
Manufacturing
Employees
-
Register Address
SOURAV ABASAN, 2ND FLOOR, AG-104, SECTOR-II, SALT LAKE KOLKATA WB 700091 IN
Website
http://www.birdgroup.co.in/
Key Products/Services
Wholesale of non-agricultural intermediate products, waste and scrap
Key Resources/Assets
Office in Kolkata
Stressed Asset Details Expand All 
-
USD 0
Stressed Asset Related Documents
1.pdf
adce18a73427ca0b7201b5b1214ef30e.pdf
CP IB NO 676 KB 2020.pdf
Financial Information Documents
FR-2020.pdf
Financial Details are not available.
Stressed Assets Timeline Wed Sep 30 00:00:00 IST 2020
Defined Date Without Date

Commencement of CIRP

Wed Sep 30 00:00:00 IST 2020Wed Sep 30 00:00:00 IST 2020
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Public Announcement by Resolution Professional

Thu Oct 01 00:00:00 IST 2020Thu Oct 01 00:00:00 IST 2020
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Claim submission

Wed Oct 14 00:00:00 IST 2020Wed Oct 14 00:00:00 IST 2020
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Invitation for Expression of Interest

Mon Dec 14 00:00:00 IST 2020Mon Dec 14 00:00:00 IST 2020
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Submission of Expression of Interest

Tue Dec 29 00:00:00 IST 2020Tue Dec 29 00:00:00 IST 2020
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Submission of Resolution Plan

Fri Feb 12 00:00:00 IST 2021Fri Feb 12 00:00:00 IST 2021
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Committee of Creditors Approval

Sun Mar 14 00:00:00 IST 2021Sun Mar 14 00:00:00 IST 2021
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Submission of Resolution Plan to NCLT

Sun Mar 14 00:00:00 IST 2021Sun Mar 14 00:00:00 IST 2021
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Approval of Resolution Plan by NCLT

Mon Mar 29 00:00:00 IST 2021Mon Mar 29 00:00:00 IST 2021
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