Corporate Times

NALCO pays Rs 546.95 crore interim dividend

NALCO pays Rs 546.95 crore interim dividend

National Aluminium Company Limited (NALCO), the Navratna PSU, under Ministry of Mines, Govt. of India, has declared an interim dividend of 94 per cent, i.e. Rs 4.70 per share of Rs.5/- each, amounting to Rs. 908.48 crore for the financial year 2017-18, on the paid-up equity share capital of Rs.966.46 crore.

This is the highest-ever dividend declared by the company since inception. Narendra Singh Tomar, Union Minister of Rural Development, Panchayati Raj and Mines, Govt of India, was presented a cheque, amounting to Rs.546.95 crore as interim dividend, by Dr. Tapan Kumar Chand, CMD, NALCO, in the presence of Shri Haribhai Parthibhai Chaudhary, Minister of State for Mines. Among others, Arun Kumar, Secretary, Ministry of Mines, Govt of India and Dr. K. Rajeswara Rao, Additional Secretary, Ministry of Mines, Govt of India, Bipul Pathak, Joint Secretary, Ministry of Mines, Govt of India, Dr. Niranjan Kumar Singh, Joint Secretary, Ministry of Mines, Govt of India, Anil Kumar Nayak, Joint Secretary, Ministry of Mines, Govt of India and Reena Sinha Puri, Joint Secretary & FA, Ministry of Mines, Govt of India were present on the occasion.

Union Minister Tomar appreciated the dedicated efforts of Dr. Chand CMD, NALCO and his team for the effective functioning of NALCO and five-fold increase in profit of NALCO in third quarter of this financial year. It may be mentioned that since inception, NALCO has paid a total of Rs 7273.59 crore as dividend including Rs 5918.39 crore as share of Govt. of India.

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