Orissa Minerals Development Co

What Orissa Minerals Development Co does

The Orissa Minerals Development Company Limited (OMDC) is a Schedule-B Central Public Sector Enterprise (CPSE) under the administrative control of India's Ministry of Steel, incorporated in 1918 and headquartered in Bhubaneswar, Odisha. The company operates six iron ore and manganese ore mining leases located in Barbil, Keonjhar district of Odisha, with estimated reserves of approximately 201 million tonnes of iron ore and 27 million tonnes of manganese ore. OMDC also operates a 30,000 tonnes-per-annum (TPA) Sponge Iron Plant established in 2004, and holds Indian Bureau of Mines-approved annual production capacity of 2.20 MTPA for iron ore. Three of the six mining leases are currently in active operations, while the remaining three are under varying stages of renewal.

OMDC's core technology stack is conventional open-cast mining combined with crushing, washing, and sponge iron processing. The company has implemented basic digital infrastructure including an eOffice software system (deployed December 2021) and a cloud-based Central Data Repository System (CDRS) for land records digitization (January 2022), both inherited from its parent RINL. Three of the six mining leases (Dalki, Kolha-Roida, and Thakurani) are legally held by Bharat Process and Mechanical Engineers' Ltd. (BPMEL) but operated by OMDC under Power of Attorney. Corporate plans include a 2 MTPA iron ore beneficiation plant and a 2 MTPA pelletisation plant, with a target to scale manganese ore capacity to 1 million tonnes per annum.

OMDC generates revenue by selling iron ore (lump and fines), manganese ore, and sponge iron exclusively through the MSTC e-Auction Portal — a government-mandated online forward auction platform where competitive bidding determines prices. The customer base is concentrated in the domestic Indian steel industry, with no disclosed private pricing. As a subsidiary of Eastern Investments Limited (EIL), itself a subsidiary of Rashtriya Ispat Nigam Limited (RINL), OMDC forms part of the Bird Group of Companies (EIL, OMDC, BSLC) under Government of India control. The company is listed on the Calcutta Stock Exchange, National Stock Exchange, and has trading permission at the Bombay Stock Exchange. As of FY26, OMDC reported total income of approximately ₹100 lakh (₹10 million) with a net loss of ₹290.77 lakh and a negative net worth of ₹54.64 lakh, indicating significant financial stress.

Name

Orissa Minerals Development Co

Legal name

The Orissa Minerals Development Company Limited

Website

https://birdgroup.co.in

Company type

Public

Founded year

1918

Operating status

Operating

Headcount range

101–250 employees

Short description

Orissa Minerals Development Company is a Schedule-B CPSE under India's Ministry of Steel mining iron ore and manganese ore across six leases in Odisha, operating a 30,000 TPA sponge iron plant and selling all output via MSTC e-auction to steel industry buyers.

Ownership category

akta.pro rank

Product category

Iron Ore Mining

NAICS

Iron Ore Mining (212210), Other Metal Ore Mining (212290), Support Activities for Metal Mining (213114)

SIC

Metal Mining (1000)

akta.pro primary industry

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

akta.pro secondary industry

Mineral Processing Plant Design & EPCM (Flowsheet Development, Piloting & Scale-up) (IMAKALAK)

Keywords

• Iron ore mining
• Manganese ore mining
• Sponge iron production
• Ferrous mineral extraction
• Steel raw materials

Headquarters

HQ city

Bhubaneswar

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure

Revenue model

1. Iron Ore Sales: Sale of iron ore lump and fines through MSTC e-auction portal. Revenue is generated from competitive bidding by industrial buyers including steel manufacturers.
2. Manganese Ore Sales: Sale of manganese ore through MSTC e-auction portal. The company has estimated reserves of approximately 27 million tonnes of manganese ore.
3. Sponge Iron Sales: Revenue from sale of sponge iron produced at the company's 30,000 TPA capacity plant at Barbil.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Orissa Minerals Development Company (OMDC) is engaged in the mining, extraction, and sale of iron ore, manganese ore, and sponge iron from its mining leases located in Odisha, India. The company is a Schedule-B Central Public Sector Enterprise under the Ministry of Steel, Government of India, and sells its mineral output primarily to steel manufacturers, with sales conducted through the MSTC e-Auction Portal.

Product overview

Orissa Minerals Development Company Limited (OMDC) is a Schedule-B CPSE (Central Public Sector Enterprise) under the Ministry of Steel, Government of India, operating as part of the Bird Group of Companies. OMDC operates six iron ore and manganese ore mining leases located in Barbil, Keonjhar district, Odisha. The company's core product portfolio consists of Iron Ore (lump and fines), Manganese Ore, and Sponge Iron produced from its 30,000 TPA capacity plant established in 2004. Related products Limestone and Dolomite are sourced from BSLC (Bisra Stone Lime Company Limited), the group's limestone and dolomite mining subsidiary. All mineral products are sold through MSTC e-Auction Portal. OMDC has estimated reserves of approximately 201 million tonnes of iron ore and 27 million tonnes of manganese ore across its mining leases.

Differentiator

Problem solved

Functional benefit

Named customers1 record

Segments2 records

Ideal customer profiles1 record

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• MSTC Limited (Metal Scrap Trading Corporation)coreChannel Partner/ Reseller/ DistributorMSTC conducts e-auction of iron ore, manganese ore, and sponge iron on behalf of OMDC. M/s MSTC is awarded the contract to conduct e-auction of sale of Iron and Manganese Ore on nomination basis. The auction engine is hosted at www.mstccommerce.com.
• Eastern Investments Limited (EIL)coreOthersEIL is the holding company of OMDC. OMDC is a subsidiary of EIL, which became a subsidiary of RINL (Rashtriya Ispat Nigam Limited) on January 5, 2011. EIL is an investment company holding major stakes in OMDC and BSLC.
• The Bisra Stone Lime Company Limited (BSLC)minorOthersBSLC is a sister company under the Bird Group of Companies. Both OMDC and BSLC are subsidiaries of EIL and operate under the administrative control of Ministry of Steel. BSLC specializes in limestone and dolomite mining.
• Bharat Process and Mechanical Engineers' Ltd. (BPMEL)minorStrategic or Co-development PartnerThree of OMDC's mining leases (Dalki Manganese Mines, Kolha-Roida Iron & Manganese mines, Thakurani Iron & Manganese Mines) are in the name of BPMEL but are operated by OMDC under Power of Attorney.

Scale indicators10 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Essel Mining & Industries Limited: Aditya Birla Group company engaged in iron ore mining in Odisha. Directly comparable as an iron ore miner operating in the same Barbil region and competing for the same steel industry customers.
• MOIL Limited: India's largest manganese ore producer, government-owned CPSE under Ministry of Steel. Directly comparable to OMDC's manganese ore business as both companies mine manganese and operate as Schedule-B CPSEs under the same ministry.
• Tata Steel Mining Limited: Subsidiary of Tata Steel engaged in iron ore and manganese ore mining in Odisha and Jharkhand. Directly comparable as an integrated iron ore miner serving the steel industry with captive off-take potential similar to OMDC's RINL relationship.
• NMDC Limited: India's largest iron ore producer and a government-owned mining major. NMDC is directly comparable to OMDC as both are government iron ore miners operating under similar regulatory frameworks, though NMDC operates at much greater scale.
• Rungta Mines: Private iron ore mining company operating in Odisha. Directly comparable as an iron ore miner in the same Keonjhar/Barbil region, competing with OMDC for the same steel industry buyers via similar auction mechanisms.

Broad incumbents

• Steel Authority of India Limited (SAIL): India's largest government steel producer and major iron ore consumer. Comparable context as both a CPSE under Ministry of Steel and a key off-taker of iron ore, though SAIL is primarily a steel manufacturer with captive mining rather than a pure mining operator.
• Hindustan Zinc Limited: Vedanta-group zinc and lead miner with significant operations in Rajasthan. Comparable as a major Indian metals mining PSU-adjacent company serving industrial commodity markets, though focused on base metals rather than iron/manganese.
• Jindal Steel and Power Limited (JSPL): Integrated steel producer with captive iron ore mining operations in Odisha. Comparable as an iron ore miner in Odisha with captive steelmaking, though operating at much larger scale across the full steel value chain.
• Vedanta Limited: Diversified metals and mining major in India with iron ore operations in Goa and Karnataka. Comparable as a major Indian iron ore miner serving steel industry customers, though operating at significantly larger scale and broader portfolio.

Emerging players

• Indian Metals & Ferro Alloys Limited (IMFA): India's largest producer of ferro chrome with integrated manganese ore mining in Odisha. Comparable as a manganese ore miner with downstream processing in Odisha, similar geographic and product overlap to OMDC's operations.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/orissa-minerals-development-company-govt-of-india-enterprise

Revenue estimate

Valuation estimate

Number of profiles

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 Orissa Minerals Development Co