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NALCO Declares 25% Interim Dividend Amounting to Rs.322 Cr

calender13/03/2015

Bhubaneswar, 13/03/2015:  National Aluminium Company Limited (NALCO), the Navratna PSU, under the Ministry of Mines, Govt. of India, has declared an interim dividend of 25%, i.e. Rs.1.25 per share of Rs.5 each, amounting to Rs.322.15 crore for the financial year 2014-15, on the paid-up equity share capital of Rs.1288.62 crore. This has been approved in the meeting of the company’s Board of Directors held at New Delhi yesterday.

NALCO, which started its commercial operations in 1987 has been earning profits consistently and has been declaring dividends since 1992. In the last fiscal i.e for the 2013-14, the company had declared a total dividend of Rs.386.59 crore. It may be mentioned that since inception, NALCO has paid a total of Rs.4906 crore as dividend including Rs.4234 crore as share of Govt. of India.