NALCO declares highest ever dividend of Rs 908.48 cr for 2017-18 FY

12 March, Bhubaneswar


The National Aluminium Company Limited (NALCO), the Navratna PSU, under Ministry of Mines,Delhi govrnment, has declared an interim dividend of 94 per cent 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.

NALCO CMD Tapan Kumar Chand presented a cheque of Rs 546.95 crore to Union Minister of Rural Development, Panchayati Raj and Mines, Narendra Singh Tomar at New Delhi as interim dividend.

Union Minister of state for Mines Haribhai Parthibhai Chaudhary, Mines secretary Arun Kumar and other senior officials of the Mines department were present on the occasion.

NALCO sources said Mr Tomar appreciated the dedicated efforts of company CMD and the 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 Delhi Government.BM

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