OMC pays Rs 500-crore dividend to State Govt

The Odisha Mining Corporation (OMC) and the Odisha Hydro Power Corporation Limited (OHPC) on Friday paid dividends for 2018-19 to the State Government towards its equity holding in these public sector undertaking.

Steel and Mines Minister Prafulla Mallick met Chief Minister Naveen Patnaik and handed over a cheque for Rs 500 crore to him at the Secretariat here towards OMC’s dividend for 2018-19 against the State Government’s equity holding in the company, said an official release.

Steel and Mines Additional Chief Secretary RK Sharma, OMC Chairman Sanjeev Chopra and Managing Director R Vineel Krishna were present on the occasion.

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