In a regulatory filing made post market hours today, the company stated that it has received a recommendation from the expert appraisal committee (EAC) of the Ministry of Environment, Forest and Climate Change (MoEFCC) for grant of environmental clearance (EC) for the Belkundi Iron & Manganese Ore Mine in Odisha.

The project covers a land area of 1,276.79 hectares as per the record of rights, with mining activities restricted to 965.423 hectares.

The proposed production capacity stands at 1.8 MTPA of iron ore and 0.3 MTPA of manganese ore, providing the company with potential access to a combined annual mineral capacity of 2.1 MTPA.

The Orissa Minerals Development Company is a subsidiary of the Rashtriya Ispat Nigam. The entity is a Public Sector Undertaking company in the Indian states of Odisha under administrative control of Ministry of Steel, Government of India. It is engaged in the mining and production of iron ore and manganese ore.

The scrip had advanced 1.81% to end at Rs 3774.80 on the BSE today.

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