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Nalco to give 30% dividend for last fiscal

Public sector aluminium giant Nalco has approved a total dividend payout of 30 per cent amounting to Rs 387 crore for 2013-14. The dividend was approved at the 33rd Annual General Meeting of the Navaratna PSU held here on Saturday, Nalco Chairman-cum-Managing Director Ansuman Das said.

The shareholders of National Aluminium Company Ltd approved a total dividend payout of 30 per cent, which worked out to Rs 1.50 per share, he said.

The total pay-out was Rs 387 crore for 2013-14, the CMD said, adding that since its inception, Nalco had paid a total of Rs 4,906 crore as dividend. 
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