The National Mineral Development Corporation (NMDC) today paid the second interim dividend of Rs 150.05 crore to the Government of India. | |
| NMDC chairman & managing director B Ramesh Kumar handed over the dividend cheque to Ram Vilas Paswan, Union minister for chemicals & fertilisers and steel, a press release said. NMDC has also released simultaneously the second interim dividend payment to all the shareholders. |
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| Ramesh Kumar said the second interim dividend was declared considering the company's performance during the three quarters of the current financial year. The company paid its first interim dividend in November 2005. |
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| At the close of the third quarter ended December 31, 2005, NMDC achieved net sales of Rs 2,569.07 crore as compared to Rs 1,436.59 crore achieved in the same period last year. The corporation's gross profit for the period went up to Rs 1,921.86 crore as compared to Rs 765.91 crore in the corresponding period last year. |
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| NMDC earned a net profit of Rs 1,273.42 crore as compared to Rs 486.19 crore in the corresponding period last year. EPS for the period touched an all-time high of Rs 96.35 as compared to Rs.36.79 in the corresponding period last year. |
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| These were the highest achievements for the given period, surpassing even the yearly performance of the company in the past, Ramesh Kumar said. |
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| According to him, NMDC has applied for new mining leases in Mailadila sector to meet the domestic demand from sponge iron manufacturers. |
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| Efforts were also on to get some mining leases in Orissa, he said. |
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