Despite getting demands from steel makers in the state, Odisha Mining Corporation (OMC) does not want to sell iron ore to them at a lower rate.
OMC does not want to get into any controversy on the lines of the NMDC case by selling iron ore at a concessional rate to steel makers in Odisha.
It may be recalled that the Comptroller and Auditor General (CAG) pulled the National Mineral Development Corporation on pricing issue, saying it could have earned more, had it followed fair market practice to sell ores.
Saswat Mishra, Chairman-cum-Managing Director (CMD) of OMC, at the Minerals and Metals Odisha Conclave 2013, organised by Indian Chambers of Commerce (ICC).
Steel companies in Odisha allege that the auction process followed by the OMC was faulty and it is not only jacking up the prices of iron ore sold by the company, but also influencing the rates of ore produced by other private miners.
All Odisha Steel Federation (AOSF), representing the interest of steel industries, had even gone to the Competition Commission of India (CCI) against OMC. The commission, however, rejected their plea saying that being a minor player in iron ore trading in the state, OMC cannot be accused of monopoly.
Leave a Reply
You must be logged in to post a comment.