Nalco to pay Rs 322.15 crore as dividend to government
Bhubaneswar: Aluminium giant Nalco has announced a total dividend payout of 25 per cent, amounting to Rs 322.15 crore for 2012-13, as against 20 per cent paid in the previous year.
Announcing this after the Annual General Meeting of the company here, Nalco CMD Ansuman Das said the shareholders of the Navaratna PSU approved a total dividend payout of 25 per cent which works out to Rs 1.25 per share.
With this, the total payout would be Rs 322.15 crore for 2012-13, he said, adding, since inception Nalco had paid a total of Rs 4519.17 crore as dividend, including Rs 3920.73 crore as share of the central government.
The upward revision was approved following a recommendation for payment of a final dividend at Rs 0.50 per share (10 per cent) in addition to the interim dividend of Rs 0.75 per share (15 per cent) paid on March 30, 2013.
The total dividend pay-out for 2012-13 would work out to be at Rs 1.25 per share (25 per cent) as against Rs 1.00 per share (20 per cent) paid for 2011-12.