Home ECONOMY NALCO pays Rs 260.72 cr as interim dividend to Centre

NALCO pays Rs 260.72 cr as interim dividend to Centre

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Odisha Sun Times Bureau
Bhubaneswar, Apr 27: 

National Aluminium Company Limited (NALCO), the Navratna PSU under the Union ministry of Mines has declared an interim dividend of 25%, i.e Rs.1.25 per share of Rs 5 each, amounting to Rs 322.16 crore for 2014-15 fiscal, on the paid-up equity share capital of Rs 1288.62 crore.

NALCO Narendra Singh Tomar, Union Minister of Steel & Mines was presented a cheque, amounting to Rs 260.72 crore by Ansuman Das, Chairman-cum-Managing Director (CMD) as interim dividend on the 80.93% shares held by the Centre, in New Delhi today.

The interim dividend amount of Rs 322.15 crore paid for 2014-15 equals the highest ever interim dividend paid during 2006-07.

Dr Anup K Pujari, Secretary, R Sridharan, additional secretary, Arun Kumar, joint secretary, Dr Niranjan Kumar Singh, joint secretary of Union ministry of Mines and all the directors of NALCO were present on the occasion.

NALCO, which started its commercial operations in 1987 has been earning profits consistently and has been declaring dividends since 1992.

The company in 2013-14 fiscal had declared a total dividend of Rs 386.59 crore.

It may be mentioned that since inception, NALCO has paid a total of Rs 5228 crore as dividend including Rs 4995 crore as share of the Centre.