Nalco dividend at Rs 322.15 crore

BHUBANESWAR: Public sector aluminium major NALCO has declared an interim dividend of Rs 322.15 crore for the current fiscal on the paid up equity share capital of Rs 1288.62 crore.

The dividend of 25 per cent - Rs.1.25 per share of Rs.5 each - was approved in the meeting of Nalco's Board of Directors held at New Delhi yesterday, a company release said here today.

Navaratna PSU NALCO, which started its commercial operations in 1987 has been earning profits consistently and declaring dividends since 1992. In last fiscal, the company had declared a total dividend of Rs 386.59 crore, it said.

It may be noted that since inception, Nalco has paid a total of Rs 4906 crore as dividend including Rs 4234 crore as share of Union government, the release added.