Bizodisha Bureau, Bhubaneswar, April 27, 2015 :

Government of India owned National Aluminium Company Limited (NALCO), has declared an interim dividend of 25%, i.e. Rs.1.25 per share of Rs.5 each, amounting to Rs.322.16 crore for the financial year 2014-15, on the paid-up equity share capital of Rs.1288.62 crore.

Union minister of steel and mines Narendra Singh Tomar on Monday was presented a cheque, of Rs.260.72 crore by Nalco chairman-cum-managing director Ansuman Das, as interim dividend on the 80.93% shares held by the union government in New Delhi.

The interim dividend amount of Rs.322.15 crore paid for 2014-15 equals the highest ever interim dividend paid during 2006-07.

The Navratna PSU, which started its commercial operations in 1987 has been earning profits consistently and has been declaring dividends since 1992.

In the last fiscal i.e. for the 2013-14, the company had declared a total dividend of Rs.386.59 crore.
Nalco paid a total of Rs.5228 crore as dividend including Rs.4995 crore as share of the government of India.