The company made this announcement during trading hours today, 3 September 2012.

Meanwhile, the BSE Sensex was flat at 17,429.96.

On BSE, 2,497 shares were traded in the counter compared as against average daily volume of 2,304 shares over the past one quarter.

The stock hit a high of Rs 58,000 and a low of Rs 53,404.30 so far during the day. The stock had hit a 52-week low of Rs 25,550 on 4 June 2012. The stock had hit a 52-week high of Rs 60,392.25 on 7 August 2012.

The mid-cap stock had outperformed the market over the past one month till 31 August 2012, surging 21.89% compared with the Sensex's 1.12% rise. The scrip had also outperformed the market in past one quarter, galloping 107.91% as against Sensex's 7.47% rise.

The state-run iron ore miner has equity capital of Rs 0.60 crore. Face value per share is Rs 10.

Orissa Minerals Development Company (OMDC) said its board meeting scheduled today, 3 September 2012 is postponed due to some unavoidable circumstances. Earlier, OMDC on 27 August 2012 said its board would meet today, 3 September 2012, to consider the issue of bonus shares of the company.

OMDC's net profit fell 55.4% to Rs 3.44 crore on 38.3% decline in total income to Rs 61.19 crore in the year ended 31 March 2012 over the year ended 31 March 2011.

State-run OMDC was incorporated in the year 1918. Its mines are located around Barbil in Keonjhar District of Odisha. It is one of the oldest iron ore mining companies in India. The Government of India holds 50.01% stake in OMDC (as per the shareholding pattern as on 30 June 2012).