Bhubaneswar: The National Aluminium Company Limited (Nalco) has declared an interim dividend of 94%, 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.
This is the highest-ever dividend declared by the company since inception.
Union Minister of Mines Narendra Singh Tomar was presented a cheque amounting to Rs 546.95 crore as interim dividend by Nalco CMD Dr Tapan Kumar Chand in New Delhi on Monday.
Tomar appreciated the dedicated efforts of Dr Chand and his team for the Nalco’s effective functioning and five-fold increase in profit of the company in the third quarter of the financial year.
Notably, since its inception, the Nalco has paid a total of Rs 7,273.59 crore as dividend including Rs 5,918.39 crore as share of the Government of India.