National Aluminium Company Limited (NALCO), the Navratna PSU, under Ministry of Mines, Govt. of India, has declared an interim dividend of 94%, i.e. Rs4.70 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.
Shri Narendra Singh Tomar, Hon’ble Union Minister of Rural Development, Panchayati Raj and Mines, Govt of India, was presented a cheque, amounting to Rs.546.95 crore as interim dividend, by Dr. Tapan Kumar Chand, CMD, NALCO, in the presence of Shri Haribhai Parthibhai Chaudhary, Hon’ble Minister of State for Mines. Among others, Shri Arun Kumar, Secretary, Ministry of Mines, Govt of India and Dr. K. Rajeswara Rao, Additional Secretary, Ministry of Mines, Govt of India, Shri Bipul Pathak, Joint Secretary, Ministry of Mines, Govt of India, Dr. Niranjan Kumar Singh, Joint Secretary, Ministry of Mines, Govt of India, Shri Anil Kumar Nayak, Joint Secretary, Ministry of Mines, Govt of India and Ms. Reena Sinha Puri, Joint Secretary & FA, Ministry of Mines, Govt of India were present on the occasion.
The Union Minister Shri Tomar appreciated the dedicated efforts of Dr. Chand CMD, NALCO and his team for the effective functioning of NALCO and five-fold increase in profit of NALCO in third quarter of this financial year. It may be mentioned that since inception, NALCO has paid a total of Rs.7273.59 crore as dividend including Rs.5918.39 crore as share of Govt. of India.