Home ECONOMY Odisha based Nalco declares Rs 322 crore interim dividend

Odisha based Nalco declares Rs 322 crore interim dividend

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Odisha Sun Times Bureau
Bhubaneswar, Apr 19:

Navratna PSU National Aluminium Company Limited (NALCO), has declared an interim dividend amounting to Rs 322.16 crore for the financial year 2015-16, on the paid-up equity share capital of Rs 1,288.62 crore.

nalco alumina

NALCO, CMD, Tapan Kumar Chand  presented a cheque of  Rs 260.72 crore to Narendra Singh Tomar, Minister of Steel & Mines, in the presence of Balvinder Kumar, Secretary, Ministry of Mines, as interim dividend on the 80.93%, yesterday.

NALCO, which started its commercial operations in 1987, has been earning profit consistently and has been declared dividends since 1992. In 2014-15 fiscal, the company had declared a total dividend of Rs 451.02 crore.

Till now Nalco has paid a total of Rs 5,679 crore as dividend including Rs 4,860 crore as share of the Government of India.