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Nalco pays 546.95 crore interim dividend

Metal News - Published on Thu, 15 Mar 2018

Image Source: Latest Odisha News
PragatiVadi reported that National Aluminium Company Limited has declared an interim dividend of 94%, ie INR 4.70 per share of INR 5 each, amounting to INR 908.48 crore for the financial year 2017-18 on the paid-up equity share capital of INR 966.46 crore. This is the highest-ever dividend declared by the company since inception.

Union Minister of Mines Narendra Singh Tomar was presented a cheque amounting to INR 546.95 crore as interim dividend by Nalco CMD Dr Tapan Kumar Chand in New Delhi.

Mr Tomar appreciated the dedicated efforts of Dr Chand and his team for the Nalco’s effective functioning and five-fold increase in profit of the company in the third quarter of the financial year.

Notably, since its inception, the Nalco has paid a total of INR 7,273.59 crore as dividend including INR 5,918.39 crore as share of the Government of India.

Source :

Posted By : Rabi Wangkhem on Thu, 15 Mar 2018
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