NALCO pays interim dividend of Rs 546.95 crore

Bhubaneswar: National Aluminium Company Limited (NALCO) has paid 546.95 crore as interim dividend to the union government.

The national public sector undertaking has declared an interim dividend of Rs. 908.48 crore for the financial year 2017-18.

This is the highest-ever dividend declared by the company since inception.

Union Mines Minister Narendra Singh Tomar was presented a cheque amounting to Rs.546.95 crore as the interim dividend by NALCO CMD Dr Tapan Kumar Chand in the presence of Haribhai Parthibhai Chaudhary, Minister of State for Mines.

Among others, Mines secretary Arun Kumar and additional secretary K. Rajeswara Rao Bipul Pathak were present on the occasion.

Tomar appreciated the dedicated efforts of Chand and his team for the effective functioning of NALCO and the five-fold increase in profit of NALCO in the third quarter of this financial year.

It may be mentioned that since inception, NALCO has paid a total of Rs.7273.59 crore as dividend including Rs.5918.39 crore as share of Government of India.