 "NLC pays Rs 151 crore as dividend to GoI")
Corporation (NLC) has paid a final dividend amount of Rs 150.99 crore on the share capital held by the President of India was handed over today to Piyush Goyal, Minister of State for Power ,Coal, New and Renewable Energy (Independent Charge).
The cheque was handed over by S K Acharya, chairman and managing director ,NLC Limited at New Delhi today.
The company declared a final dividend at the rate of 10% for 2014-15 in addition to 18% interim Dividend paid during March 2015, aggregating to a total dividend of 28% (previous Year 28%).
Total dividend payout (including distribution tax) for 2014-15 amounts to Rs 566.70 crore.
Taking in to the account the interim Dividend of Rs. 271.79 crore paid during March 2015, the total dividend paid to the Government of India for 2014-15 was Rs 422.79 crore. With this amount, the total contribution made to ex chequer (Central+ State) will be Rs 2,099 crore during 2014-15.
