Nalco Pays Final Dividend
OREANDA-NEWS. September 25, 2012. National Aluminium Company Limited (NALCO),the Navratna PSU under the Ministry of Mines, Govt. of India has eclared a total dividend amount of Rs.257.72 crore for the financial year 2011-12, which includes the Govt. of India’s share of Rs. 224.60 crore. It may be mentioned that the Govt. of India holds 87.15% shares of NALCO. The remaining shares are held by 55,286 shareholders including banks, financial institutions and individual shareholders. Out of Rs.224.60 crore payable to Govt. of India, the company has already paid Rs.202.14 crore as interim dividend. The cheque for final dividend amounting to Rs.22.46 crore was handed over to Shri Dinsha J. Patel, Union Minister of Mines, Govt. of India by Shri Ansuman Das, CMD, NALCO, in New Delhi today, in the presence of Shri Vishwapati Trivedi, IAS, Secretary, Ms. Gauri Kumar, IAS, Additional Secretary, Shri Arun Kumar, IAS, Joint Secretary and other senior officials of the Ministry and the directors of the company.
Since inception, NALCO has paid a total of Rs. 4197.02 crore as dividend of which Rs. 3659.62 crore has been given to Govt of India.
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