Pubilc-sector aluminium giant Nalco on Saturday declared a total dividend payout of 35 per cent amounting to Rs451.02 crore for 2014-15. The dividend was approved by the shareholders at the 34th Annual General Meeting (AGM) of the Navratna PSU held here on Saturday, a company statement said.
The shareholders approved a total dividend payout of 35 per cent, which works out to Rs1.75 per share. The total pay-out is Rs451.02 crore for 2014-15, as against Rs387 crore for the previous year.
Since its inception, National Aluminium Company limited (Nalco) has paid a total of Rs5,356.76 crore as dividend, including Rs4,598.99 crore as share of the Government, it said. In his address to the shareholders, Nalco’s CMD T K Chand highlighted the performance of the company and outlined its growth plans, the statement added.