The Orissa Minerals Development Company Limited has informed the Exchange about General Updates
ORISSAMINE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Odisha government's Forest, Environment & Climate Change Department has approved extension of forest clearance for OMDC's Bhadrasahi Iron & Manganese mining lease until September 30, 2030. The clearance now aligns with the extended mining lease period under the Van (Sanrakshan Evam Samvardhan) Adhiniyam, 1980. The approval comes with multiple environmental conditions including afforestation requirements, soil erosion prevention measures, wildlife conservation plan, and safety zone demarcation. The company must also maintain valid Consent to Establish/Operate from SPCB and Environmental Clearance.
This regulatory clearance extension allows OMDC to continue its Bhadrasahi mining operations through 2030, removing a key regulatory uncertainty. Positive for operational continuity, though compliance costs for environmental conditions may affect margins.