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Nalco declares interim dividend of Rs 908 cr for

Press Trust of India  |  New Delhi 

State-run today declared an interim of Rs 908.48 crore for the ongoing fiscal.

"Limited (NALCO), the Navratna PSU, under .. has declared an interim 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 46 crore," the company said in a filing to BSE.

Stating it as the highest-ever declared by the company since inception, said its CMD Tapan Kumar Chand presented a cheque amounting to Rs 546.95 crore as interim dividend to the Centre.

"was presented a cheque, amounting to Rs 546.95 crore as interim dividend, by...Chand," the statement said.

He appreciated the efforts of Chand and his team for the effective functioning of 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.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 12 2018. 17:15 IST