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May 04, 2015 7:41 AM ET

Metals and Mining

Company Overview of Orissa Manganese & Minerals Limited

Company Overview

Orissa Manganese & Minerals Limited offers mining of manganese, iron, and graphite ores. The company was incorporated in 1953 and is based in Kolkata, India. As of April 9, 2007, Orissa Manganese & Minerals Limited is a subsidiary of Adhunik Metaliks Limited.

Lansdowne Tower

6th Floor

2/1-A, Sarat Bose Road

Kolkata,  700020

India

Founded in 1953

Phone:

91 33 3051 7140

Fax:

91 33 2289 0285

Key Executives for Orissa Manganese & Minerals Limited

Orissa Manganese & Minerals Limited does not have any Key Executives recorded.

Orissa Manganese & Minerals Limited Key Developments

Adhunik To Divest Stake In OMML

Adhunik Metaliks Limited (BSE:532727) has decided to divest up to 26% stake in Orissa Manganese & Minerals Limited (OMML) to a strategic partner to pare its debt burden by bringing in fresh equity. Manoj Agarwal, Managing Director of OMML said, “We are planning to offer upto 26% stake in OMML to a strategic partner. We have shortlisted a few partners, which will be put up for board approval”. OMML hopes to raise INR 6 billion to reduce a part of the company's debt burden of INR 21 billion. OMML is in talks with a clutch of Japanese and Chinese OEMs (original equipment manufacturers) in the automotive sector for a possible strategic tie up.

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