Nalco Odisha pays Rs 83 crore final dividend to Centre

Odisha Sun Times Business Bureau
Bhubaneswar, Nov 13:

National Aluminium Company Limited (NALCO), the Navratna PSU under the ministry of Mines, has declared a total dividend amount of Rs 386.59   crore (30% of the paid up capital) for 2013-14 fiscal.

Final Dividend

This includes Rs 313.23 crore share of the Centre.

Since inception, NALCO has paid a total of Rs 4905.77 crore as dividend including Rs 4233.96 crore as share of the Centre.

Out of Rs 313.23 crore payable to the Centre, the company has already paid Rs 229.80 crore as interim dividend during March 2014.

The cheque for final dividend amounting to Rs 83.43 crore was handed over to Narendra Singh Tomar, Union minister of Mines and Steel by Ansuman Das, CMD, NALCO, in New Delhi today in the presence of Dr Anup K Pujari, IAS, secretary, R Sridharan, IAS, additional secretary, and other senior officials of the ministry and directors of the company.

Meanwhile, the company has announced the results for the 2nd quarter ended September, 2014.

According to the reviewed financial results for the 2nd quarter of the financial year 2014-15 taken on record by the Board in the meeting held at New Delhi yesterday, NALCO has achieved higher net profit of Rs 342 crore as against Rs 179 crore in corresponding quarter of previous fiscal, registering an increase of  91%. said a NALCO release.

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