NDMC is setting new records and playing a significant role in the socio-economic growth of the country
NMDC’s Board decided to give first interim dividend at 430 per cent for the year during the 2017-18 meeting held in New Delhi. The first interim dividend outgo would be Rs 1,360 crore, of which Rs 985 crore would be the Government’s share.
NMDC being one of the top performing PSEs of Government of India has been giving rich dividends to Government and its shareholders since 1991.
During the last 5 years, NMDC has paid about Rs 15,525 crore as dividend to its shareholders out of which Government of India's share is about Rs 12,418 crore. In addition to dividend, NMDC has also gone for buyback of shares in 2016-17 for Rs 7,528 crore and Offer For Sale (OFS) during this fiscal which fetched Rs 980 crore to Government of India.
N Baijendra Kumar, IAS, CMD while congratulating Board and employees said that he is very happy for NMDC which is going to set new records this year and is also playing a pivotal role in socio-economic growth of the country.