The Nalco has declared an interim dividend of 25 per cent, i.e., Rs1.25 per share of Rs5 each, amounting to Rs322.16 crore, for the financial year 2014-15 on the paid-up equity share capital of Rs1,288.62 crore.
Union Minister of Steel & Mines Narendra Singh Tomar was presented a cheque, amounting to Rs260.72 crore, by Nalco CMD Ansuman Das as interim dividend on the 80.93 per cent shares held by the Government of India in New Delhi on Monday.
The interim dividend amount of Rs322.15 crore equals the highest-ever interim dividend paid during 2006-07.
The Nalco, which started its commercial operations in 1987, has been earning profits consistently and declaring dividends since 1992. In 2013-14, the company had declared a total dividend of Rs386.59 crore. Since its inception, the Nalco has paid a total of Rs5,228 crore as dividend including Rs4,995 crore as share of the Government of India.