The Business Bytes
TBB BUREAU
BHUBANESWAR, NOV 10, 2023
State-run Odisha Mining Corporation (OMC) has embarked on implementing the international acclaimed European Foundation for Quality Management (EFQM) framework to further strengthen its transformational journey and achieve business and operational goals which will place the Corporation at global stage and amongst the world’s renowned companies.
In an official ceremony, OMC Chairman Deoranjan Kumar Singh inaugurated the EFQM implementation in OMC at the IDCOL Auditorium on Wednesday in the presence of OMC Managing Director Balwant Singh, Functional Directors, employees along with senior officers of the implementation partner Grant Thornton.
In the three years of EFQM journey, OMC will adopt the international best practices for sustaining its high growth trajectory and establishing excellence in areas of operations, business strategies, leadership & culture, employee & community engagement, environment & sustainability, innovation and adaptability, customer value creation, technology-driven performance leading to its transformation.
Speaking on the occasion, OMC Chairman Singh said that human journey is a journey of evolution and of continuous improvement which equally applies to society as well as organisations. “As an organisation, OMC has achieved many feats since its inception, becoming one of the largest mining companies in India, increasing its revenue manifold. Now it’s time for strengthening the systems and striving for excellence,” he said.
He congratulated OMC for adopting EFQM, a global business excellence framework as the guiding principle for becoming a world class Company.
OMC MD Balwant Singh said that the Corporation with more than 30 million ton ore production in the last year, having 15,000 workforce directly and indirectly and inspired by the 5T initiative of the Odisha Government, is undergoing a transformational journey. For this transformation, OMC wanted to adopt a global business excellence framework for which today is a milestone as we have embarked to adopt the EFQM implementation in OMC.
OMC Director (HR) Alok Kumar Pal briefed about the benefits of the EFQM model implementation in OMC and its role in bringing about a sustainable value creation in business operations, people engagement and managing change.
He also informed that EFQM is a globally recognized framework, adopted by more than 50,000 organizations worldwide over 30+ years and it has acted as a blueprint for improvement and innovation for organizations with clear focus to build a better future for people, communities and organisations.
The adoption of the EFQM model is a momentous development in OMC’s ongoing transformational journey, signifying the organization’s commitment to continuously strive for excellence.
As OMC takes its first steps towards implementing the EFQM framework, it marks the beginning of a journey that will continue to reshape the organization’s sustainable future and create a lasting impact in the industry.
