The National Aluminium Company limited (Nalco) has declared a total dividend amount of Rs386.59 crore, which is 30 per cent of the company’s paid-up capital, for the year 2013-14. The dividend includes the Centre’s share or Rs313.23 crore.
So far since inception, the Navratna PSU has paid a total of Rs4,905.77 crore as dividend, including Union Government’s share of Rs4,233.96 crore. Out of Rs313.23 crore payable to the Government, the company has already paid Rs229.80 crore as interim dividend in March 2014. Nalco CMD Ansuman Das handed over a cheque of Rs83.43 crore as final dividend to Union Mines and Steel Minister Narendra Singh Tomar in New Delhi on Thursday, informed an official Statement.
Union Steel and Mines Secretary Dr Anup K Pujari and Additional Secretary R Sridharan were present. Meanwhile, the company announced to have achieved a higher net profit of Rs342 crore for the second quarter ended September 2014 as against Rs179 crore in the corresponding quarter of the previous fiscal.