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Orissa Minerals Development Company Share Price

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NSEBSE

6763.20-337.60 (-4.75%)

03:53 PM,12th Apr 2024

6744.80-356.05 (-5.01%)

04:01 PM,12th Apr 2024

BSE : 590086

NSE : ORISSAMINE

Sector : Metals & Mining

ISIN Code : INE725E01024

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Last Updated: Apr 12 2024 | 04:01 PM IST

Market Cap (₹ Cr)

4057

Turnover (₹ Cr)

1.38

Volume (Shares)

20396

Face Value

1

52-WK High

8344.00

52-WK High Date

14 Dec 2023

52-WK Low

2505.25

52-WK Low Date

11 Apr 2023

All Time High

9220.00

All Time High Date

15 Nov 2010

All Time Low

521.35

All Time Low Date

23 Aug 2019

Orissa Minerals Development Company Ltd

Orissa Minerals Development Company Ltd was incorporated in the year 1918. The Company is one of the oldest iron ore mining companies in India. The company engages in mining and producing iron ore and manganese ore. They also produce sponge iron. Their mines are located around Barbil in Keonjhar district of Orissa. The company is a subsidiary of Eastern Investments Ltd.The Company operates 6 Iron Ore and Manganese Ore mining leases at Barbil in Keonjhar Dist. of Odisha namely Dalki Manganese Mines Kolha Roida Iron & Manganese mines Thakurani Iron and Manganese Mines Belkundi Iron and Manganese Mines Bagiaburu Iron Mines and Bhadrasahi Iron and Manganese Mines. It has a joint venture in the name and style of East India Minerals Ltd (EIML) with stake of 26%. Initially the company was under the Bird Group of companies in 1980. The Bird Group of Companies was nationalized by the Government of India. Consequent upon such nationalization of the Undertaking the shares held by the said company in twenty one companies were transferred in the name of the President of India. After the company came under the Ministry of Steel Government of India the Government extended financial support to the company in the Development of Mines Clearing outstanding dues Creating facilities for sizing iron ore and Replacement of old/ worn out equipment and providing new equipment. In the year 1992 the company set up a joint venture company namely East India Minerals Ltd for production of sponge grade iron ore. From September 1999 they started commercial production.During the financial years 1994-95 1995-96 and 1996-97 the company was able to achieve marginal profits. Consequent to recession in Iron and Steel Industry the position deteriorated from 1997-98 since the demand of its products declined sharply. With the recessionary trend in the steel industry having been over since 2003 onwards the company's position improved and they had started making significant amount of profit after tax. In June 2004 as a part of diversification the company set up a 100 TPD Sponge Iron Plant and the plant started making commercial production. They entered into the venture of direct export of iron ore fines from the year 2005-06. During the year 2009-10 the restructuring scheme for the Bird Group of Companies as approved by the Ministry of Steel Government of India and also the Union Cabinet was implemented with effect from March 19 2010. Thus the group has transformed from a government managed company to a government company.As per the scheme Eastern Investments Ltd another company under the group in pursuit of making OMDC as their subsidiary in due compliance of the terms of the approved scheme acquired requisite number of shares of OMDC major from the President of India on share swap basis and balance from LICI on direct payment basis. As of March 19 2010 Eastern Investments Ltd held 50.01% interest in the company. Thus OMDC became a subsidiary company of Eastern Investments Ltd.As Eastern Investments Ltd was converted to a government company consequent to their preferential allotment of equivalent number of shares in the name of the President of India OMDC as subsidiary of Eastern Investments Ltd also attained the status of a government company.As of March 31 2010 the company's mining lease area aggregates to 4365.262 hectares covering six mining leases in Barbil district Keonjhar inclusive of three leasehold areas totaling 2068.272 hectares in the name of Bharat Process & Mechanical Engineers Ltd (BPMEL). The equity shares of the company were listed on the National Stock Exchange Ltd with effect from September 29 2010.The Company was accorded the status of Schedule B Central Public Sector Enterprise (CPSE) with effect from 19th March 2010 by Department of Public Enterprises (DPE) in consultation with Ministry of Steel Government of India.In accordance with the Cabinet decision dated 10.09.2009 51% shareholding (i.e. 736638 shares) of Government of India in Eastern Investments Limited (EIL) was transferred to Rashtriya Ispat Nigam Limited (RINL). Thus RINL became the holding company of EIL and its subsidiaries OMDC and BSLC also were made subsidiaries of RINL w.e.f. 05.01.2011. Brahmani Coal Block was surrendered to Ministry of Coal (MoC) in 2022. In 2022-23 the company achieved significant progress in the attempts towards bringing the mines into operation. It received extension of mining lease period for Bagiaburu Belkundi and Bhadrasahi mines. Further the clearance of Hon'ble Supreme Court was received for resumption of mining operations in these mines. The company is in the process of obtaining the clearances. Also OMDC obtained permission from Hon'ble Supreme Court of India for Sale of undisposed stock of minerals from Bhadrasahi vide order dated 11.08.2020 and for Belkundi & Bagiaburu mines vide order dated 07.04.2022. Despatch from Bhadrasahi mines started on 28.06.2021 and 1.50 lakh tonnes of Iron & Manganese Ore dispatched during FY 23. For Bagiaburu first E-Auction conducted on 17.03.2023.

Orissa Minerals Development Company Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

4057

EPS - TTM (₹) [S]

0.00

P/E Ratio (X) [S]

-157.32

Face Value (₹) 1
Latest Dividend (%)146.00
Latest Dividend Date 07 Sep 2017
Dividend Yield (%) -
Book Value Share (₹) [S]-42.99
P/B Ratio (₹) [S]-157.32
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Quant Small Cap Fund - (G) 63.31 107059 0.36
Quant Small Cap Fund - (IDCW) 63.31 107059 0.36
Quant Small Cap Fund - Direct (G) 63.31 107059 0.36
Quant Small Cap Fund - Direct (IDCW) 63.31 107059 0.36
Quant Infrastructure Fund (IDCW) 40.90 69173 1.64
Quant Infrastructure Fund (G) 40.90 69173 1.64
Quant Infrastructure Fund - Direct (G) 40.90 69173 1.64
Quant Infrastructure Fund - Direct (IDCW) 40.90 69173 1.64
Motilal Oswal Nifty Microcap 250 Index Fund-Reg (G) 2.66 4492 0.33
Motilal Oswal Nifty Microcap 250 Index Fund-Dir (G) 2.66 4492 0.33

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Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

6738.00

7090.00

Week Low/High

6200.00

7230.00

Month Low/High

5564.40

7230.00

Year Low/High

2505.25

8344.00

All time Low/High

527.45

9220.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week7.73%7.82%0.000.03%
1 Month10.31%10.68%0.780.82%
3 Month-5.07%-5.21%2.312.85%
6 Month1.92%1.88%11.8013.77%
1 Year158.03%157.43%22.9426.43%
3 Year173.79%178.26%55.0557.36%

Company Info

Company Information

Nominee (Govt) : Swapna Bhattacharya

Independent Director : Sohanlal Kadel

Chairman (Non-Executive) : Atul Bhatt

Managing Director : Deb Kalyan Mohanty

Nominee : A.K. Saxena

Independent Director : M Saravanan.

Independent Director : T N Sarasu

Independent Director : Sidharth Shambhu.

Nominee (LIC) : Tapas Ranjan Mallick

Registered Office: Sail Off Ground Floor 271 Unit, VSastri nagar,Bhubaneshwar,Orissa-700091 Ph: 0674-2391595

Email:info.birdgroup@nic.in

URL:http://www.birdgroup.gov.in