Page 3 - Omc
OMC floats tenders to develop Kodingamali bauxite lease
Odisha Mining Corporation (OMC) has floated tenders to start operations from its Kodingamali bauxite lease.In the first year of operations, OMC, a state run entity, targets to produce 1.5 million tonnes. From second year onwards, the output is set to expand to three million tonnes per annum (mtpa), said a government official in the know.The commencement of operations from Kodingamali mine would mark OMC's foray into bauxite mining. Though OMC has a few bauxite mines in its kitty, the mines have not been able to start operations as they lack the regulatory clearances. Bauxite deposits at Karlapat and Sasubohumali despite being reserved in OMC's favour have not opened up for want of environment and forest clearances.Bauxite mining from Kodingamali is also expected to come to the rescue of alumina units struggling to arrange raw material from local sources, notably the Lanjigarh refinery owned by Vedanta. The Lanjigarh refinery is currently fed entirely by bauxite sourced from other ...
 "OMC floats tenders to develop Kodingamali bauxite lease")
High floor price deters buyers at OMC iron ore auctions
OMC continued its stand to hike base prices of lumps and fines
 "High floor price deters buyers at OMC iron ore auctions")
Steel units in Odisha resent high pricing of OMC's iron ore
Besides, the weighted average price adopted by OMC is higher than the market price
 "Steel units in Odisha resent high pricing of OMC's iron ore")
OMCs' subsidiaries, joint ventures in good health
Improvement largely fuelled by better refining margins
 "OMCs' subsidiaries, joint ventures in good health")
Street bullish on OMCs despite stellar gains
Strong underlying demand for petroleum products in the country is a big positive for OMCs
 "Street bullish on OMCs despite stellar gains")
Oil PSUs making the right moves
Good timing of assets' buy; fuel rate raise to up gross margins in line with medium-term averages
 "Oil PSUs making the right moves")