Hot Pursuit     15-Sep-22
OMDC gains following extension of forest clearance, mining lease for Belakundi mine
Orissa Minerals Development Company (OMDC) advanced 2.98% to Rs 3125 after the company announced the extension of forest clearance co-terminus with the extended mining lease period for its Belakundi iron & manganese mining lease.

In an exchange filing made during market hours today, the company announced that the Forest Advisory Committee (FAC) in its meeting held on 1 August 2022 has granted extension of forest clearance co-terminus with the extended mining lease period for Belakundi iron & manganese mining lease of OMDC.

Orissa Minerals Development Company (OMDC) is one of the oldest iron ore mining companies in India. The company is engages in mining and producing iron ore and manganese ore.

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