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Orissa Minerals Development Company Limited ( (IN:ORISSAMINE) ) has provided an announcement.
The Orissa Minerals Development Company Limited has informed stock exchanges that it has filed two Special Leave Petitions before the Supreme Court of India challenging a recent judgment of the Calcutta High Court. The High Court had dismissed OMDC’s appeals and upheld both an arbitral award and the judgment of a lower court in a dispute with Jai Balaji Industries Limited, prompting OMDC to seek further relief at the apex court, a move that could influence its financial exposure and clarify its legal position in this long-running commercial conflict.
More about Orissa Minerals Development Company Limited
The Orissa Minerals Development Company Limited operates in the mining and minerals sector in India, focusing on the development and extraction of mineral resources in the state of Odisha. The company’s activities are closely tied to industrial users of raw materials, including steel and other metal-based industries, and its performance is influenced by regulatory, legal, and environmental frameworks governing mining operations.
Average Trading Volume: 1,654
Technical Sentiment Signal: Hold
Current Market Cap: 29.01B INR
For a thorough assessment of ORISSAMINE stock, go to TipRanks’ Stock Analysis page.