The National Aluminium Company Limited (Nalco) declared a final dividend of 20per cent, i.e., 1 per equity share, during its 40th Annual General Meeting held here on Thursday. The total dividend payout for 2020-21 comes to Rs 644.27 crore against Rs 279.84 crore paid in 2019-20.
Addressing the shareholders Nalco CMD Sridhar Patra said the company has not only addressed the need for self-sufficiency in aluminium but has given the country a technological edge in producing this metal of the future at par with global standards. “In spite of turbulent environment, coupled with volatile nature of LME prices and subdued demand for metal, we have made steady progress by focusing on the 5P’s, production, productivity, people, projects and profit,” he said.
Sharing the future plans, Patra said, “With steady progress on the ongoing expansion activities, we are optimistic for commissioning of the proposed one-MT-per-annum 5th stream of alumina refinery expansion by 2023-24.”