National Aluminium Company Limited (NALCO), the Navratna PSU, under Ministry of Mines 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 cr which is company’s highest dividend since inception.
Union Minister Mines, Narendra Singh Tomar, was presented a cheque, amounting to Rs.546.95 crore as interim dividend, by Dr Tapan Kumar Chand, CMD, NALCO, in the presence of Minister of state for mines, Haribhai Parthibhai Chaudhary, said a release issued by NALCO here.
Arun Kumar, Secy, Ministry of Mines and Dr. K. Rajeswara Rao, Addl Secy, Ministry of Mines and others were present. Mr 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 the central government.