"We have been defeated in the by-polls, but we're not out of the race," Oram told reporters while celebrating Holi with his supporters here.
On Wednesday, the Biju Janata Dal candidate Rita Sahu defeated her nearest rival, Ashok Panigrahi of the BJP, by 41,932 votes in the bypolls. Sahu had polled 1,02,871 votes against the 60,938 secured by Panigrahi.
Oram, who had intensively campaigned for party candidate Panigrahi, said the BJP's defeat has not affected the party's fighting sprit.
Union Ministers Santosh Gangwar, Swadhi Niranjana, Smriti Irani, Ramkripal Yadav, Dharmendra Pradhan and Jual Oram along with a number of Odia film stars had cmpaingned for the BJP candidate.
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