The company made this announcement on Saturday, 4 February 2012.

Meanwhile, the BSE Sensex was up 176.63 points, or 1% to 17,781.59.

On BSE, 1,070 shares were traded in the counter as against average daily volume of 18,808 shares over the past one quarter.

The stock hit a high of Rs 34.95 and a low of Rs 34.90 so far during the day. The stock had hit a 52-week low of Rs 20 on 22 December 2011. The stock had hit a 52-week high of Rs 50.80 on 6 April 2011.

The small-cap stock outperformed the market over the past one month till 3 February 2012, rising 11.2% compared with the Sensex's return of 10.45%. The stock had also outperformed the market in past one quarter, gaining 9.08% as against a 0.7% gain in the Sensex.

The company has an equity capital of Rs 9.63 crore. Face value per share is Re 1.

OM Metals Infraprojects has signed a memorandum of understanding (MoU) with DSD Noell GmbH of Germany for technical co-operation and for forming a joint venture Company in India for technical support, knowhow and to bid for larger hydro-mechanical projects in the Indian subcontinent and global co-operation in manufacturing. OM Metals Infraprojects said that DSD Noell GmbH is one of the leading global companies in the hydro-mechanical equipments sector.

OM Metals Infraprojects' net profit rose 62.7% to Rs 6.67 crore on 59.3% growth in net sales to Rs 54.54 crore in Q2 September 2011 over Q2 September 2010.

Om Metals Infraprojects is a conglomerate having diverse business activities and interests related to hydro mechanical equipments, turn key solutions for steel fabrication, hydro power developments, real estate, leasing, finance, entertainment centers, hotels and tourism.