"National Aluminium Company Limited (NALCO), the Navratna PSU, under Ministry of Mines... has declared an interim dividend of 94 per cent, i.e., Rs 4.70 per share of Rs 5 each, amounting to Rs 908.48 crore for the financial year 2017-18, on the paid-up equity share capital of Rs 966.46 crore," the company said in a filing to BSE.
Stating it as the highest-ever dividend declared by the company since inception, Nalco said its CMD Tapan Kumar Chand presented a cheque amounting to Rs 546.95 crore as interim dividend to the Centre.
He appreciated the efforts of Chand and his team for the effective functioning of Nalco and five-fold jump in profit of the PSU in third quarter of this financial year.
It may be mentioned that since inception, Nalco has paid a total of Rs 7,273.59 crore as dividend including Rs 5,918.39 crore as share of Centre.
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