National Aluminium Company (Nalco) has declared an interim dividend of Rs 231.95 crore for 2011-2012.
Mines Minister Dinsha J Patel was presented a National Electronic Clearing Service (NECS) advice amounting to Rs 202.14 crore as interim dividend on the 87.15% shares held by the government in New Delhi today, company sources said here.
Nalco had declared a total dividend of Rs 257.72 crore for 2010-11. The company had earned a net profit of Rs 1,069 crore during the year 2010-11.
During the current financial year, the company has provisionally earned a net profit of Rs 567.40 crore up to December 2011. The 18% interim dividend is being paid on enlarged capital base after split and bonus issue last year, sources said.
Since its inception, Nalco has paid Rs 4,171.25 crore as dividend including Rs 3,637.16 crore to the central government. In addition, the company had also repaid an amount of Rs 644.31 crore to its shareholders during 1999 by reducing the capital base by 50%.
