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.