‘OMC liable to pay Rs 1,328 cr for excess mining’
Odisha Mining Corporation faces a Rs 1,328 crore penalty for overproduction. The state-owned firm exceeded limits at its Kodingamali bauxite and Sukrangi chromite mines. This follows a Supreme Court ruling on excess mining fines. A CAG report also highlighted operational lapses and financial inefficiencies at OMC. Stronger compliance and cost controls are recommended.
Odisha Mining Corporation faces a Rs 1,328 crore penalty for overproduction. The state-owned firm exceeded limits at its Kodingamali bauxite and Sukrangi chromite mines. This follows a Supreme Court ruling on excess mining fines. A CAG report also highlighted operational lapses and financial inefficiencies at OMC. Stronger compliance and cost controls are recommended.
