Quarterly Result12 Feb 2026, 03:10 pm
Orissa Minerals Development Company Ltd Reports Q3 Results with Net Loss of INR 204.62 Crores
AI Summary
The Orissa Minerals Development Company Ltd has reported its financial results for the quarter ended 31.12.2025. The company reported a net loss of INR 204.62 Crores due to various factors including mining lease suspensions and amortization of mining rights. The company's mining operations are under suspension for Belkundi and Bhadrasai Mines due to non-availability of statutory clearances. The mining leases are in the process of renewal, and the financial results have been prepared on a going concern basis. The Bagiaburu Iron Mines started operating from 14.12.2023.
Key Highlights
- Orissa Minerals Development Company Ltd reported a net loss of INR 204.62 Crores for Q3 2025-2026.
- Mining operations are under suspension for Belkundi and Bhadrasai Mines due to non-availability of statutory clearances.
- Mining leases are in the process of renewal and the financial results have been prepared on a going concern basis.
- Bagiaburu Iron Mines started operating from 14.12.2023.
- The company reported an amortization of mining rights of INR 45,00 Lakhs for the quarter.