A Gold Category State PSU, Odisha Mining Corporation Limited was set up in 1956 as a joint venture between the Govt. of India and the Govt. of Odisha to harness the mineral wealth of the state. In 1961, the company became wholly owned by the Govt. of Odisha. The major minerals mined by OMC are chrome, iron and manganese ore which cater to the requirement of mineral based industries such as steel, sponge iron, pig iron, ferro-manganese, ferro-chrome, etc. both in India as well as overseas.