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NALCO Declares Dividend for 2018-19

Metal News - Published on Fri, 20 Sep 2019

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Aluminium major National Aluminium Company Limited declared its highest ever dividend on the occasion of the 38th Annual General Meeting of the Navaratna PSU. This is the highest dividend payout since the inception of the Company in 1981 which works out to INR 5.75 per equity share of INR 5 each. Dividend including the applicable dividend distribution tax works out to a payout of 74.65% of the PAT against 98.81% of previous financial year.

Till 2018-19 fiscal, INR 32,886 crore was paid towards taxes, duties, royalties and dividend. Out of this, INR 25,917 crore was paid to the Central Government and INR 6,969 crore to the state government.

CMD of NALCO Mr Tapan Kumar Chand attributed the success to teamwork, strong cost focus and strategic planning. He said that “Year 2018-19 has been an extremely rewarding year for NALCO on all fronts. We have not only excelled in making production, profit, productivity and people engagement, we have also made exemplary contribution in promoting and putting focus on nature, nurture and future.”

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Posted By : Rabi Wangkhem on Fri, 20 Sep 2019
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