The announcement was made after market hours on Friday, 5 February 2010.
Meanwhile, the BSE Sensex was down 2.85 points, or 0.02%, to 15918.50.
On BSE, 2.42 lakh shares were traded in the counter as against an average daily volume of 23.58 lakh shares in the past one quarter.
The stock hit a high of Rs 569 and a low of Rs 554 so far during the day. The stock had hit a 52-week high of Rs 661.70 on 8 January 2010 and a 52-week low of Rs 148.65 on 6 March 2009.
Crude steel output for the month rose 14% from a year ago to 5.96 lakh tonnes. Sales of long products, used in construction, rose 10% in January from a year earlier, while sales of flat products, used in automobiles and consumer goods, increased 8%.
The Indian operations account for about a quarter of the group's total annual capacity of 3 crore tonnes, which includes unit Corus, Europe's second-largest steelmaker.