The company made this announcement during trading hours today, 21 November 2011.

Meanwhile, the BSE Sensex was down 215.63 points, or 1.32% to 16,155.88.

On BSE, 822 shares were traded in the counter compared as against average daily volume of 1,443 shares over the past one quarter.

The stock hit a high of Rs 42,300 and a low of Rs 39,500 so far during the day. The stock had hit a 52-week low of Rs 39,401.05 on 19 August 2011. The stock had hit a 52-week high of Rs 83,800 on 18 November 2010.

The mid-cap stock outperformed the market over the past one month till 18 November 2011, gaining 0.64% compared with the Sensex's 2.25% fall. The scrip had also outperformed the market in past one quarter, rising 3.34% as against 0.6% decline in the Sensex.

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

This is the second time that the board of Orissa Minerals Development Company has deferred stock-split proposal. Earlier, the board had at a meeting held on 9 November 2011 deferred stock-split proposal, citing absence of government nominee director at the board meeting.

Orissa Minerals Development Company (OMDC) reported net loss of Rs 0.23 crore in Q2 September 2011, lower than net loss of Rs 4.02 crore in Q2 September 2010. Total income declined 41% to Rs 14.91 crore in Q2 September 2011 over Q2 September 2010.

The company was incorporated in the year 1918. Its mines are located around Barbil in Keonjhar District of Orissa. It is one of the oldest iron ore mining companies in India.