NALCO Pays Final Dividend to Government

The cheque for final dividend amounting to Rs.83.43 crore was handed over to the Union Minister of Mines and Steel, Shri Narendra S Tomar, by the CMD of NALCO, Shri Ansuman Das, in New Delhi today, in the presence of Dr. Anup K. Pujari, the Secretary, Ministry of Mines and Shri R. Sridharan, Additional Secretary, and other senior officials of the Ministry and Directors of the company. Out of Rs.313.23 crore payable to Government of India, the company has already paid Rs.229.80 crore as interim dividend during March 2014

National Aluminium Company Limited (NALCO), the Navratna PSU under the Ministry of Mines has declared a total dividend amount of Rs.386.59 crore (i.e. 30% of the Paid up Capital) for the financial year 2013-14. This includes the Govt. of India’s share of Rs. 313.23 crore. It may be noted that since inception, NALCO has paid a total of Rs.4905.77 crore as dividend, including Rs.4233.96 crore as share of Govt. of India.

Meanwhile, the company has announced the results for the 2nd quarter ended September 2014. According to the reviewed financial results for the 2nd quarter of the financial year 2014-15 taken on record by the Board in the meeting held at New Delhi yesterday, NALCO has achieved higher net profit of Rs.342 crore, as against Rs.179 crore in corresponding quarter of previous fiscal, registering an increase of 91%.

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NSK/NN