The National Aluminium Company Limited (Nalco) handed over two cheques, totalling Rs 557.80 crore, consisting of interim dividend of Rs 436.54 crore and final dividend amounting Rs 121.26 crore to the Government of India, Ministry of Mines.
The ccheques were presented to Union Minister of Mines, Coal and Parliamentary Affairs Prahlad Joshi by Nalco CMD Dr Tapan Kumar Chand in New Delhi in the presence of senior officials.
It may be mentioned that Nalco had declared a total dividend amount of Rs 1,072.73crore (excluding Dividend Distribution Tax), i.e., 115 per cent of the Paid-Up Capital for the financial year 2018-19. This includes the Government of India’s share of Rs 557.80 crore.
It may be noted that since its inception, the Nalco has paid a total of Rs 8,539.61 crore as dividend, including Rs 6,585.57crore as share of Government of India.