Nalco Pays Rs.260.72 Crore Interim Dividend to Government

National Aluminium Company (NALCO), the Navratna PSU, under Ministry of Mines, Govt. of India, 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 2015-16, on the paid-up equity share capital of Rs.1288.62 crore. Shri Narendra Singh Tomar, Minister of Steel & Mines, Govt. of India, was presented a cheque, amounting to Rs.260.72 crore by Dr. Tapan Kumar Chand, CMD, NALCO, in the presence of Shri Balvinder Kumar, Secretary, Ministry of Mines, as interim dividend on the 80.93% shares held by the Govt of India, in New Delhi today. The Minister Shri Tomar had a word of praise for the effective functioning of NALCO despite sluggishness in the market. Particularly, he was appreciative of the company's all-time high bauxite production of 63.40 lakh tonnes and 19.53 lakh tonnes of alumina in 2015-16.

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