Odisha Mining Corp To Spend Rs 208 Cr To Set Up Skill Academy, 5 Schools

(OMC) announced that it will set up five model schools and a skill academy in its operation area.

OMC signed an agreement with Odisha Adarsha Vidyalaya Sangathan to set up five 'Mining Adarsha Vidyalayas'. Besides, it signed a MoU with the Department of Technical Education and Training to establish the Skill Academy at ITI, Koira.

The corporation will spend Rs 208 crore to set up the Adarsha Vidyalayas in OMC mining areas and invest Rs 30 crore annually to run these institutions, officials said.

Chief Minister Naveen Patnaik said OMC has pioneered many developmental initiatives, steering positive changes in improving the quality of life of the people.

"Its efforts in supporting the state in its fight against COVID-19 pandemic, are highly commendable. Be it sports, health, education or be it periphery development, the OMC has always put its focused efforts for excellence," he said.

Patnaik said that OMC has achieved over 30 million tonne ore production in 2021-22 fiscal with a turnover of Rs 17,000 crore.

At the programme on Monday, Patnaik also operationalised three iron ore mines at Bansapani, Unchabali and Khndabandha. He also launched two IT modules -- Compliance Management System and Litigation Management System.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

RECENT NEWS

Citigroup Allegedly Favoured By Drug Traffickers For Money Laundering Activities

Recent allegations by U.S. law enforcement officials have cast a shadow over Citigroup, one of the world’s largest ban... Read more

Central Bank QE Losses: Financial Realities And Economic Implications

Quantitative Easing (QE) has been a central tool for central banks to stimulate economic growth during periods of financ... Read more

Leadership Shakeup At Citigroup Fuels Succession Rumors

Jane Fraser's recent appointment of three new executives at Citigroup has stirred speculation on Wall Street about the b... Read more

Capital One And Discover Merger: Boosting Competition And Innovation In Financial Services

The potential merger between Capital One and Discover could create a formidable competitor in the financial services ind... Read more

Citigroups Fat-Finger Error: Lessons In Financial Oversight

The financial world was taken aback when Citigroup, one of the largest global banks, was fined £62 million by UK regula... Read more

Titi Coles Legacy In Finance: Pioneering Diversity And Leadership

Titi Cole, one of the most senior Black women in the world of finance, recently exited her high-profile role at Citi. He... Read more