Corporate Profile

Eastern Investments Limited(EIL) ,is a Non-Banking Financial Company (NBFC),was incorporated in the year ,1927. EIL was one of the Specified Companies of Bird & Co. Ltd. Bird & Company Ltd came under control of Government of India after enactment of Bird & Company Ltd.(Acquisition and Transfer of Undertaking and Other Properties ) Act, 1980 (67 of 1980). The Act 67 of 1980 enabled Central Government to exercise control over the affairs of Specified Companies including EIL to ensure that the affairs of the Specified Companies including EIL is not mismanaged.It became a PSU w.e.f 19th March, 2010. EIL is listed at CSE.EIL is holding company of The Orissa Minerals Development Company Limited and The Bisra Stone Lime Company Limited. EIL has become a subsidiary of RINL on 5th January, 2011. The paid-up capital of the company Rs. 1.44 crores consisting of 14, 44,387 shares of Rs. 10 each. The revenue of EIL is mainly from dividend income from OMDC and interest on term deposits. As on 31th March, 2016, the net worth of EIL is Rs.269.12(Crores) provisional.