Chief Secretary presides over 30th Board of Directors Meeting of OMBADC

• The monitoring mechanism for ongoing projects was reviewed
• Emphasis was laid on adopting online monitoring to expedite project implementation

Bhubaneswar 18^th December 2025:The 30^th Board of Directors Meeting of OMBADC was held today on 18^th December 2025, under the Chairmanship of the Chief Secretary-cum-Chairman, OMBADC, in the Conference Hall of LokSevaBhawan, Odisha, Bhubaneswar. Directors who attended the meeting included the PCCF & HOFF, Odisha, Addl. Secretary to the Govt. Finance Dept, CEO OMBADC, and all Independent Directors.

Odisha Mineral Bearing Areas Development Corporation (OMBADC), a public limited government company, not for profit, has been incorporated under Section 8 of the Companies Act, 2013, on 02 December 2014. The said company is a “Special Purpose Vehicle” (SPV) incorporated for undertaking tribal welfare and area development works in the mineral-bearing areas of the State.

Shri R K Lenka, CEO, OMBADC, welcomed the Chairman, Directors, and the newly inducted independent Directors of the Board for the meeting. The meeting was initiated with a presentation on the Statutory agenda items like Change of Board of Directors, wherein Shri B Parmeswaran, IAS, ShriSanjeeb Kumar Mishra, IAS, and Shri KC Sathpathy, OAS have been inducted as new directors in the Board.

Further, agenda items like confirmation of the earlier board meeting minutes and holding of the Annual General meeting of the members were also shared and confirmed by the Chairman. The draft Directors’ Report for the FY 2023-24 was also approved by the Board.

The financial accounts of OMBADC for the FY 2024-25 and the proposed budget for the FY 2025-26 were discussed in the meeting. The fund status of OMBADC as on date was presented, which was approved by the Board. The CEO informed the Board that out of the total available corpus of Rs. 22,840 Cr, an amount of Rs. 13,664 Cr has been released to 17 departments to implement the projects sanctioned by the Board.

Regarding the agenda items related to project implementation, the CEO informed that 60 no. of development projects were sanctioned by the Board out of which 12 projects have been completed and the remaining 48 projects are under various stages of implementation. The Board also approved the Extension of Time for 22 projects already under implementation with OMBADC financial assistance in the 8 mining districts, and also approved the revised Detailed Project Report of the projects being implemented by the HT&H, H&FW, and S&ME departments.

The Chairman of the Board and Chief Secretary ShriAhujaenquired about the process of monitoring the ongoing projects and suggested that OMBADC should develop a package for online monitoring of the projects under implementation.