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Orissa Minerals Development Company Limited ( (IN:ORISSAMINE) ) has issued an announcement.
The board of Orissa Minerals Development Company Limited has approved the unaudited standalone financial results for the quarter and half year ended 30 September 2025 at its meeting held on 19 December 2025, in compliance with SEBI’s listing regulations. An independent review by the statutory auditors did not identify any material misstatements, but the auditors highlighted that mining operations at the Belkundi and Bhadrasai mines remain suspended due to pending statutory clearances and ongoing lease renewal processes, with financial statements prepared on a going-concern basis and operations at the Bagiaburu Iron Mines having resumed in December 2023; they also drew attention to land title issues, noting that only a portion of the land disclosed in the financial statements is held in the company’s name and some area is under encroachment, underscoring continuing operational and legal risks for stakeholders.
More about Orissa Minerals Development Company Limited
Orissa Minerals Development Company Limited operates in the mining sector, focusing primarily on the extraction and development of iron ore and other mineral resources in India. The company’s operations depend heavily on statutory clearances and mining lease renewals, which directly impact the continuity of its mining activities and asset utilization.
Average Trading Volume: 1,718
Technical Sentiment Signal: Sell
Current Market Cap: 28.31B INR
For detailed information about ORISSAMINE stock, go to TipRanks’ Stock Analysis page.