Home ECONOMY Nalco announces Rs.451 crore dividend for 2014-15

Nalco announces Rs.451 crore dividend for 2014-15


Bhubaneswar, Sep 26:

Aluminium giant Nalco on Saturday announced a total dividend of Rs.451.02 crore for 2014-15.

nalcoThe dividend was approved at its 34th annual general meeting held here on Saturday, said a company release.

It approved a total dividend payout of 35 percent, which works out to be Rs.1.75 per share. The total payout is Rs.451.02 crore for 2014-15 against Rs.387 crore for the previous year, said the statement.

Since its inception, Nalco has paid a total of Rs.5,356.76 crore as dividend, including Rs.4,598.99 crore as share of government of India, said the release.

“Our action plan includes increasing the volume of production, go for expansion and modernization of our plants and diversification of products,” said Nalco CMD T.K. Chand in his address. (IANS)