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Iron ore miner OMDC suspends CFO, bars office access over allegations of 'serious misconduct'

The management has asked the CFO to surrender his identity card and has instructed him to 'not enter the work premises' during the period of suspension without approval. The CFO has also been asked to not leave the station with written permission. The order of suspension was signed by AK Bagchi, the managing director at OMDC.

CoalMin panel agrees to allot 3 coal blocks to mining PSUs

The three coal blocks are part of 17 mines identified by the ministry for state-owned companies. It had earlier allocated 14 coal blocks to power sector firms.

Orissa Mineral to add sheen to RINL public issue valuation

Orissa Mineral Development Co Ltd (OMDC), the listed step down mining subsidiary of RINL, is likely to add shine to RINL‘s (Rashtriya Ispat Nigam Ltd) forthcoming IPO valuation. But OMDC is still struggling to come out of six year-long dark patch.

OMDC board rejects bonus share issue; stock slips 10%

Orissa Minerals Development Company (OMDC) board has rejected bonus share issue, reports CNBC-TV18. At 09:56 hrs the share was quoting at Rs 47,887.25, down Rs 5,320.75, or 10%. It touched an intraday high of Rs 47,887.25 and an intraday low of Rs 47,887.25.

Stocks in news: BPCL, ONGC, Mawana Sugars, OMDC, Lupin

OMDC board meets to consider bonus issue; stock slips 5%

Orissa Minerals Development Company (OMDC) board meeting today to consider bonus issue, reports CNBC-TV18. At 09:23 hrs the share was quoting at Rs 53,404.30, down Rs 2,810.75, or 5%. It touched an intraday high of Rs 58,000 and an intraday low of Rs 53,404.30.

OMDC to mull merger, bonus share; stock rises 9%

Shares of Orissa Minerals Development Company (OMDC) gained as much as 9.3% intraday on Wednesday as the company is going to consider bonus share issue and stock split on August 9.

Bull's Eye: Buy BHEL, OMDC, Tech Mahindra, NCC

Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.

Mining operations comes to halt at 2 OMDC mines

Orissa Minerals Development Company (OMDC) said that, mining work in 2 mines stopped as permission not granted, reports CNBC-TV18.

Orissa Minerals Development Corp: Expensive or cheap?

Not many may have heard of Orissa Minerals Development Corporation or OMDC, oddly enough considering it is India’s most expensive stock in terms of share value at Rs 29,000 a piece. Yes, you read it right — twenty-nine big ones!

Stocks in news: Rel Infra, Aurobindo, Maruti, OMDC, SBI