OREANDA-NEWS. April 21, 2011. Consequent upon the capital restructuring of National Aluminium Company Limited (NALCO), Shri B.L. Bagra CMD, handed over the new share certificate to Shri Dinsha J. Patel, Hon’ble Union Minister of Mines in New Delhi, in the presence of Shri S. Vijay Kumar, Secretary and Shri S.K. Srivastava, Addl. Secretary, Ministry of Mines.

Post restructuring, the Government of India holds 2245998540 equity shares of Rs. 5 each, constituting 87.15% of the total paid up equity capital of Rs 1288.62 crore.

The company has also made a provision for Employees Stock Option Plan (ESOP) by amending the Article of Association. The ESOP is planned to be issued to the executives of the company as part of performance related payment, a component of revised pay package.