logo

OMV ups target in production and sale

The state run Odisha Mining Corporation (OMC) on Saturday set a target to achieve highest ever production of 8 million ton and sale of iron ore during the ongoing fiscal.
Chief secretary A P Padhi reveiwing the activities of OMC said beating the global market slowdown, the Corporation could sell around 7.7 million tons of iron ore during 2016-17 against the total sale of 4.5 million tons the previous fiscal.
The sale of iron ore up to July 31 of the current year (2017-18) has crossed 2.14 million tons thereby recording an increase of 9 per cent over the same period of last year.
OMC has also started its business operation for sale of around 1 MT chromites during 2017-18 against 0.8 million ton of sale in the last financial year inspite of the drastic fall in ferro-chrome price.
The sale value of this production is expected to be around Rs 2800 crore which also would be highest in comparison to last five years,
he said.
PTI

PTI

Our contributor helps bringing the latest updates to you


Share it
Top