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NALCO Pays Dividends

State-run National Aluminium Company Limited (Nalco) today declared an interim dividend of Rs 908.48 crore for the ongoing fiscal.


"National Aluminium Company Limited (NALCO), the Navratna PSU, under Ministry of Mines, has 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 crore," the company said in a statement.

Stating it as the highest-ever dividend declared by the company since inception, Nalco said its CMD Dr Tapan Kumar Chand presented a cheque amounting to Rs 546.95 crore as interim dividend to the Union Government.

Union Mines Minister Narendra Singh Tomar "was presented a cheque, amounting to Rs 546.95 crore as interim dividend, by Dr Chand," the statement said.

The Minister appreciated the efforts of Dr Chand and his team for the effective functioning of Nalco and five-fold jump in profit of the PSU in third quarter of this financial year.

It may be mentioned that since inception, Nalco has paid a total of Rs 7,273.59 crore as dividend including Rs 5,918.39 crore as share of the Centre.



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