NALCO pays final dividend to Centre

Odisha Channel Bureau Bhubaneswar: National Aluminium Company Limited (NALCO), the Navratna PSU under the Ministry of Mines, Government of India has declared a total dividend amount of Rs.451.02 crore (i.e.35% of the Paid-up capital) for the financial year 2014-15.This includes the Government of India’s share of Rs.365.01 crore.It may be noted that since inception, NALCO has paid a total of Rs.5356.76 crore as dividend, including Rs.4598.99 crore as share of Government of India.According to a release issued by the company today, out of Rs.365.01 crore payable to Government of India, the company has already paid Rs.260.72 crore as interim dividend during March 2015.The cheque for final dividend amounting to Rs.104.29 crore was handed over to Narendra Singh Tomar, Union Minister of Mines and Steel by T.K.Chand, CMD, NALCO, in New Delhi today.Among others who were present on the occasion include Balvender Kumar, Secretary, Ministry of Mines; R.Sridharan, Addl.Secretary; N.K.Singh and N.B.Dhal, Joint Secretaries, MoM; V.Balasubramanyam, Director (Production), NALCO and other senior officials of the Ministry and the company.