The announcement was made after market hours on Thursday, 13 September 2012.

Meanwhile, the BSE Sensex was 375.49 points, or 2.08%, to 18,396.65.

On BSE, 168 shares were traded in the counter as against an average daily volume of 2,432 shares in the past one quarter.

The stock had hit a 52-week high of Rs 60,392.25 on 7 August 2012. The stock had hit a 52-week low of Rs 25,550 on 4 June 2012.

The stock had underperformed the market over the past one month till 13 September 2012, falling 10.13% compared with the Sensex's 2.20% rise. The scrip had also underperformed the market in past one quarter, sliding 10.21% as against Sensex's 6.76% 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's (OMDC) net profit fell 13.8% to Rs 2.81 crore on 15.1% growth in total income to Rs 20.28 crore in Q1 June 2012 over Q1 June 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).