Bhubaneswar:The National Aluminium Company Limited (Nalco) Monday declared an interim dividend of 94%( 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.
The Nalco CMD, Dr. Tapan Kumar Chand, while declaring the interim dividend, gave a cheque of Rs 546.95 crore as interim dividend of the government of India to union mines minister Narendra Singh Tomar in the presence of minister of state for mines Haribhai Parthibhai Chaudhary.
Tomar appreciated the dedicated efforts of Chand and his team for the effective functioning of Nalco and five-fold increase in profit in the third quarter of the current financial year.
Among others, union mines secretary Arun Kumar, additional secretary Dr. K. Rajeswara Rao, joint secretaries Bipul Pathak, Niranjan Kumar Singh, Anil Kumar Nayak and Reena Sinha Puri were present on the occasion.
Since inception, Nalco has paid a total of Rs 7,273.59 crore as dividend including Rs 5,918.39 crore as share of the union government.