NALCO pays final amount of dividend

BHUBANESWAR: Public sector aluminium major NALCO, which had declared a total dividend of Rs 451.02 crore for 2014-15 forming 35 per cent of paid up capital, today paid the final amount to the central government.

The dividend announced by the Navratna PSU included Government of India's share of Rs 365.01 crore. Of the Rs 365.01 crore payable to the Centre, the company had already paid Rs 260.72 crore as interim dividend in March 2015, a company release said.

The cheque for final dividend amounting to Rs 104.29 crore was handed over to Union Mines and Steel Minister Narendra Singh Tomar by NALCO's CMD T K Chand in New Delhi today, it said.

Since inception, NALCO has paid a total of Rs 5356.76 crore as dividend, including Rs 4598.99 crore as share of union government.