Nalco Pays highest Dividend of 115% for FY 2018-19

24/10/2019

Hon’ble Minister, Shri Pralhad Joshi receiving the dividend Cheques.

New Delhi, 24.10.2019 : National Aluminium Company Limited (NALCO), the Navratna PSU under the Ministry of Mines, Govt. of India has handed over two Cheques, totaling Rs. 557.80 crore, consisting of interim dividend of Rs.436.54 crore and final dividend amounting Rs.121.26 crore to Govt. of India, Ministry of Mines. The Cheques were presented to Shri Pralhad Joshi, Hon’ble Union Minister of Mines, Coal & Parliamentary Affairs, Govt. of India, by Dr. Tapan Kumar Chand, CMD, NALCO, in New Delhi, in the presence of Shri Anil Mukim, IAS, Secretary, Mines, Govt. of India, Dr. K. Rajeswara Rao, IAS, Additional Secretary, Ministry of Mines, Shri Anil Kumar Nayak, Joint Secretary, Ministry of Mines, Shri Sanjib Roy, Director (P&T) NALCO and other senior officials of the Ministry and the company.

It may be mentioned that NALCO had declared a total dividend amount of Rs.1072.73 crore (excluding Dividend Distribution Tax), i.e., 115% of the Paid up Capital for the financial year 2018-19. This includes the Govt. of India’s share of Rs. 557.80 crore. It may be noted that since inception, NALCO has paid a total of Rs.8539.61 crore as dividend, including Rs.6585.57 crore as share of Govt. of India.