National Aluminium Company declares 25% interim dividend for FY15

KOLKATA: National Aluminium Company Limited (Nalco), a navratna PSU under the ministry of mines, has declared an interim dividend of 25%, or Rs.1.25 per share of Rs.5 each, amounting to Rs 322.16 crore for the financial year 2014-15, on the paid-up equity share capital of Rs.1288.62 crore.

On Monday, the company's chairman cum managing director Ansuman Das presented a cheque amounting to Rs 260.72 crore to Narendra Singh Tomar, union minister of steel & mines, as interim dividend on the 80.93% shares held by the government of India.

The interim dividend amount of Rs 322.15 crore paid for 2014-15 equals the highest ever interim dividend paid during 2006-07. Senior mines ministry officials were present on the occasion included, Anup K Pujari, Secretary, R Sridharan, Additional Secretary, Arun Kumar, Joint Secretary and Niranjan Kumar Singh, Joint Secretary and all Nalco directors. Incidentally, company had declared a total dividend of Rs.386.59 crore in 2013-14.