Date: 31.07.2026

Board Meeting Outcomes

Not Specified

Financial Results

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

KMP / Board / Auditor Changes

Not Specified

Auditor’s Report

Not Specified

Disinvestment / Strategic Actions

Not Specified

Other Operational / Legal / Strategic Disclosures

Supreme Court Judgment Impact:

  • The Supreme Court of India delivered a judgment on 29.07.2026 in Writ Petition (C) No. 1394 of 2023 (Vanashakti vs. Union of India) regarding the validity of the 2017 Notification and the 2021 Office Memorandum (OM) for ex post facto environmental clearances (EC).
  • The Court upheld the 2017 Notification as a valid delegated legislation but quashed the 2021 OM with prospective effect.
  • The judgment directs that all ECs granted under these instruments till date shall remain valid unless challenged on merits.
  • All pending applications made under the 2017 Notification or the 2021 OM shall be taken to their logical conclusion in accordance with law.
  • Applications dismissed, returned, or delisted solely due to the stay order dated 02.01.2024 or the Vanashakti-I judgment may be reconsidered.
  • No fresh applications for grant of EC under these instruments shall be entertained.
  • The government is restrained from issuing administrative orders in the future for grant of EC to projects commenced in contravention of the prior EC regime under the 2006 Notification.

Specific Impact on OMDC:

  • The proposal for grant of EC for OMDC's Belkundi Iron and Mn. Mines, which was delisted by MoEF&CC on 31.05.2025, is ordered to be restored for reconsideration.
  • MoEF&CC had already recommended grant of EC for Belkundi Mines on 28.07.2026 subject to the outcome of the Supreme Court judgment and fulfillment of certain conditions.
  • The Supreme Court's judgment validates the process for grant of EC for Belkundi Mines, allowing it to proceed subject to compliance with stipulated conditions.

Legal Context:

  • The judgment addresses the conflict between prior environmental clearance requirements and ex post facto regularisation, emphasizing the precautionary principle while allowing for limited exceptions in supervening public interest.
  • The Court clarified that the 2017 Notification is a valid time-bound amnesty scheme, while the 2021 OM was an impermissible administrative instruction that supplanted the statutory regime.