Odisha Mining

What Odisha Mining does

Odisha Mining Corporation (OMC) is a Gold Category State Public Sector Undertaking under the Government of Odisha, founded around 1955 and headquartered in Bhubaneswar. The company operates 19 mines across the Keonjhar, Koraput, Rayagada, and Jajpur districts, producing iron ore, chromite, and bauxite as its three core mineral streams. In FY25-26, OMC achieved record production of 44.82 million tonnes — including 40.02 MT of iron ore (+12.06% YoY), 1.69 MT of chromite (+25.19% YoY), and 2.83 MT of bauxite — generating record revenue of Rs 25,300 crore, the highest in its history.

OMC operates as a B2B enterprise mineral supplier, selling raw materials to India's largest steel and aluminium manufacturers under long-term supply agreements and linkage arrangements. Anchor customers include Tata Steel, JSW Steel, AMNS India, Vedanta Aluminium, Hindalco, and Adani Enterprises, with distribution focused domestically on industrial offtakers. Pricing is administered through auction premiums, state-set royalties, and negotiated long-term contract terms rather than publicly disclosed market pricing. OMC is pursuing a strategic shift from raw mineral extraction toward downstream value-added processing, including a planned Rs 800-crore, 1.5 MTPA iron ore pellet plant at Gandhamardan, and a Rs 10-crore platinum group elements pilot plant developed with South Africa's Mintek at IMMT Bhubaneswar.

Technology adoption is underway through digital transformation initiatives, AI-driven monitoring for ore-grade compliance, mine automation collaborations with NIT Rourkela and IIT (ISM) Dhanbad, and digital health management systems for mining-area workforce. The corporation holds a structural regulatory advantage as a state PSU with preferential access to mineral block allocation, including active state-level pursuit of additional central allocations (Shashubohumali bauxite and Thakurani iron ore blocks) to expand the resource base beyond current operations.

Name

Odisha Mining

Legal name

Odisha Mining Corporation Ltd

Website

https://omcltd.in

Company type

Private

Founded year

1955

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Odisha Mining Corporation is a Gold Category state-owned PSU mining iron ore, chromite, and bauxite across 19 mines in Odisha, India. It supplies raw materials to domestic steel and aluminium manufacturers under long-term agreements while expanding into pellet manufacturing and critical mineral processing.

Ownership category

akta.pro rank

Product category

Iron Ore Mining

NAICS

Iron Ore Mining (212210), Other Metal Ore Mining (212290)

SIC

Metal Mining (1000), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Mine Development & Processing EPC (Critical Minerals) (IMAKAFAM)

akta.pro secondary industry

Aluminum Project Development, Engineering & EPC (Smelters/Refineries) (IMAKACAO)

Keywords

• Iron ore mining
• Chrome ore mining
• Bauxite mining
• Mineral extraction
• Downstream pellet manufacturing

Headquarters

HQ city

Bhubaneswar

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Infrastructure, Technology or R&D, Others

Revenue model

1. Mineral Sales: OMC generates revenue primarily through the sale of extracted minerals including iron ore, chrome ore (chromite), and bauxite. The corporation sells these raw materials to industrial consumers including steel plants, aluminium smelters, and other manufacturing facilities under long-term supply agreements and spot sales.
2. Pellet Manufacturing: OMC plans to enter downstream processing by establishing a 1.5 million tonne per annum pellet manufacturing plant near its Gandhamardan iron ore mines in Keonjhar district. The plant will manufacture iron ore pellets primarily from low-grade ore fines, representing OMC's entry into value-added mineral processing.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Odisha Mining Corporation Ltd (OMC) is a state-owned Public Sector Undertaking that extracts and sells iron ore, chrome ore, and bauxite from 19 mines across Odisha. The corporation supplies raw minerals to India's steel, aluminium, and ferrochrome industries through long-term supply agreements and auction-based sales. OMC is expanding into downstream processing with a planned 1.5 MTPA iron ore pellet plant and platinum group elements extraction pilot.

Product overview

Odisha Mining Corporation Limited (OMC) is a Gold Category PSU engaged in exploration and mining of iron ore, chrome ore, and bauxite across 19 mines in Odisha. The corporation operates as a state-owned mining enterprise with core mining operations in iron ore (40+ MTPA), chrome ore (1.69 MTPA in FY26), and bauxite (2.83 MTPA). OMC is expanding into downstream value-added products including iron ore pellet manufacturing and strategic mineral processing for platinum group elements, representing a shift from raw mineral extraction toward integrated mineral processing capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Iron Ore Mining OMC operates iron ore mines producing high-grade ore for the domestic steel industry. The corporation achieved record iron ore output of 40.02 million tonnes in FY2025-26, a 12.06% increase over the previous year, supplying blast furnace and DRI operations at integrated steel plants and mini steel mills.
• Chrome Ore Mining OMC extracts chrome ore from mines in Sukinda Valley, Jajpur district. Chrome ore output rose 25.19% to 1.69 million tonnes in FY2025-26, supplying ferrochrome producers and stainless steel manufacturers (including Tata Steel) with specialty-grade chromite ore.
• Bauxite Mining OMC operates bauxite mines including Kodingamali Mines in Koraput and Rayagada districts, producing 2.83 million tonnes in FY2025-26. The corporation plans to double production capacity at Kodingamali from 3.6 to 6 million tonnes per annum and supplies high-grade bauxite to primary aluminium producers including Vedanta Aluminium, Hindalco, and Adani Enterprises.
• Iron Ore Pellets (Planned) OMC plans to enter downstream processing with a 1.5 MTPA pellet manufacturing plant at Gandhamardan iron ore mines in Keonjhar district, utilizing low-grade ore fines to produce iron ore pellets for the steel industry. This represents OMC's entry into value-added mineral processing beyond raw ore extraction.
• Platinum Group Elements Extraction (Pilot) OMC is developing capability to extract platinum, palladium, and rhodium from Bangur chromite mines through a Rs 10-crore pilot plant in collaboration with South Africa's Mintek. The 1-tonne-per-hour plant validates recovery rates of platinum group elements as a critical mineral processing capability before commercial-scale development.

Quantifiable outcome

• Record mineral production of 44.82 million tonnes in FY25-26
• +4 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core, flagship and minor.

• MeconcoreImplementation/ SI/ Consulting Partner · 18 May 2026OMC engaged Mecon, a Government of India enterprise, for technical consultancy on its planned 1.5 million tonne per annum pellet manufacturing plant near Gandhamardan iron ore mines in Keonjhar district. Mecon is providing feasibility study support and technical guidance with bidding targeted for December.
• Mintek (South Africa)flagshipStrategic or Co-development Partner · 20 April 2026OMC collaborated with South Africa's Mintek to develop and operate a platinum group minerals pilot plant at the Institute of Minerals and Materials Technology in Bhubaneswar. The ₹10-crore facility aims to extract platinum, palladium, and rhodium from ore from Bangur chromite mines in Keonjhar district. Mintek provided technical expertise for the 1-tonne-per-hour plant validating recovery rates before commercial-scale development.
• TEXMiN Foundation - IIT (ISM) DhanbadcoreStrategic or Co-development Partner · 28 March 2026OMC signed an MoU with TEXMiN-IIT (ISM) Dhanbad for capacity building, academic partnership, research, and innovation in mining practices. The collaboration focuses on managerial capability enhancement, continuous learning ecosystems, policy training, digital transformation, and structured Management Development Programmes for OMC's workforce.
• TEXMiN Foundation - IIT (ISM) DhanbadcoreStrategic or Co-development Partner · 24 March 2026OMC signed MoU with TEXMiN Foundation for capacity building, research, and digital transformation in mining. Partnership focuses on training, technical assistance, promoting safer and sustainable mining practices through management development programmes and applied research initiatives.
• National Institute of Technology RourkelacoreStrategic or Co-development Partner · 14 February 2026NIT Rourkela signed an MoU with OMC for workforce capacity building, technical upskilling, and managerial development. The partnership includes AI-based mining solutions, mine automation, leadership programmes, and joint certification courses aimed at strengthening OMC's technical capabilities.
• NIT RourkelacoreStrategic or Co-development Partner · 14 February 2026NIT-R partnership for capacity building of OMC workforce through technical upskilling and managerial development programs.
• Odisha Mining Adarsha VidyalayaminorOthersOMC inaugurated the permanent campus of Odisha Mining Adarsha Vidyalaya as part of its CSR initiatives for education in mining areas.

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Hindustan Zinc Limited: India's largest zinc-lead miner and a Vedanta subsidiary; comparable Indian metal mining major with diversified mineral portfolio and government-linked customers.
• Coal India Limited: India's largest state-owned miner (coal); comparable as a central/state PSU mining behemoth with similar scale, workforce, and government coordination requirements, though different mineral focus.
• Steel Authority of India Limited (SAIL): Central PSU integrated steelmaker with captive iron ore mines; comparable as a state-owned mining-and-metals player, though broader in scope with downstream steelmaking.
• Adani Enterprises (Mining & Metals vertical): Mining arm of the Adani Group building integrated bauxite-to-aluminium capacity; both supplier and customer of OMC and a major emerging competitor in Indian mining concessions.

Direct peers

• NMDC Limited: India's largest iron ore producer and central public sector miner; directly comparable as a state-owned iron ore miner serving domestic steel customers with similar product mix and long-term supply agreements.
• Vedanta Limited (Aluminium & Mining): Operates bauxite mines and aluminium smelters and is one of OMC's largest bauxite offtake customers; comparable vertically integrated miner-cum-customer in the same Indian aluminium value chain.
• National Aluminium Company (NALCO): Central PSU operating across the bauxite-to-aluminium value chain including captive bauxite mines; comparable as a public sector mining company supplying aluminium raw materials in India.
• Indian Metals & Ferro Alloys (IMFA): India's largest producer of ferro chrome with captive chromite mines in Odisha; directly comparable as a chromite miner operating in the same geography and serving the stainless steel value chain.

Emerging players

• Tata Steel Mining (formerly Rohit Ferrotech): Mining arm of Tata Steel with iron ore and chrome ore assets; both supplier/partner and customer of OMC and a captive mining peer in the same Indian ferrous value chain.

Regional players

• Gujarat Mineral Development Corporation (GMDC): State PSU miner operating in Gujarat with diversified minerals (bauxite, lignite, fluorspar); comparable as a regional Indian state-owned mining enterprise with similar government ownership profile.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Odisha Mining