The Orissa Minerals Development Company Limited — Important, 05-12-2024: Updates

**Company Announcements**

The Orissa Minerals Development Company Limited has submitted its Annual Report for FY 2023-24 and called for the 106th Annual General Meeting (AGM), scheduled for December 27, 2024, via Video Conferencing. Notably, the company has achieved progress in resuming mining operations, with Bagiaburu mines operational since December 2023, and is pursuing necessary clearances for Belkundi and Bhadrasahi mines. Financially, the company reported total earnings of ₹89.38 crore, with a profit after tax of ₹2.82 crore, showing significant recovery from previous losses. However, no dividend has been declared due to accumulated losses. Stakeholders should monitor the company's efforts to enhance operations and clear regulatory hurdles as it positions for potential growth ahead.