National Aluminium Company Limited (NALCO) has announced an interim dividend of 45% on a paid-up capital of Rs. 644.31 crore, amounting to Rs. 289.94 crore for the financial year 2007-08.
The dividend cheque for Rs. 252.67 crore on the 87.15% shares held by the Government of India was handed over to Shri Sis Ram Ola, Union Minister of Mines, by Shri C.R. Pradhan, CMD, NALCO in New Delhi today, in the presence of Shri J.P. Singh, Secretary, Ministry of Mines, and other senior officials of the Ministry and NALCO.
The balance amount of Rs. 37.27 crores has been disbursed to other shareholders of the Company like banks, financial institutions and individual shareholders.
The Minister expressed happiness at the increasing profits being incurred by NALCO. He announced that NALCO would soon become a Navratna Company and thus ruled out any talks about dis investment of the Company. He stressed that NALCO would remain a PSU and expressed hope that in the future would continue to achieve increasing profits and pay richer dividends to the Government.
MC/GK
(Release ID :36183)