Millennium Post

NALCO hands over final dividend

Dinsha J Patel, minister of state for mines (independent charge) was handed over the cheque for final dividend amounting to Rs 22.46 crore by Ansuman Das, CMD, NALCO on Wednesday. The company has declared a total dividend of Rs 257.72 crore for the financial year 2011-12, which include the government of India’s share of Rs 224.60 crore. Out of this the company has already paid interim dividend of Rs 202.14 crore. 

It may be mentioned that government of India holds 87.15% of shares of NALCO. The remaining shares are held by 55,286 shareholders including banks, financial institutions and individual shareholders. Since inception, NALCO has paid a total of Rs 4197.02 crore as dividend, of which Rs 3659.62 crore has been given to the government of India.

Vishwapati Trivedi, secretary, ministry of mines, Gauri Kumar, additional secretary, Arun Kumar, joint secretary and directors of the company were present.
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