Addressing the 61st annual general meeting of the company, th e chairman Bijendra Kumar presented a report card of the company for the financial year 2018-19.
The Directors’ Report and the Audited Balance sheet of your company for the period ended 31st March, 2019 have already been provided to the shareholders of the company. With your permission, I take them as read.
During the year under review, NMDC has achieved iron ore production and sales of 32.4 million T respectively and Profit After Tax (PAT) of Rs 4,642 crores. Net-worth of your company was Rs 25,952 crore as on 31st March 2019. The Company has declared Dividend@ 552% i.e. Rs 5.52 per share for FY 2018-19 involving an outgo of Rs 1,690 crore.
In the year under retrospect, NMDC performed exceedingly well in most of the parameters despite suspension of operations at Donimalai mines. It is heartening to note that your company stands firm in difficult situation and other projects of the company responded well to achieve such a performance with the help of all stakeholders.