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Nalco Pays 15% Interim Dividend

New Delhi. National Aluminium Company Limited (NALCO), the Navratna PSU under the Ministry of Mines, has declared an interim dividend amounting to Rs.193.29 crore for the financial year 2012-13, which includes the Government’s share of Rs.156.68 crore.

The cheque for interim dividend was handed over to Shri Dinsha J. Patel, Union Minister of Mines, by Shri Ansuman Das, CMD, NALCO, here today, in the presence of Shri R.H. Khwaja, Secretary, Ms. Gauri Kumar, Special Secretary, Shri Arun Kumar, Joint Secretary and other senior officials of the Ministry and NALCO.

It may be mentioned that after the recent divestment of shares through OFS (Offer for Sale), the Government holds 81.06% shares of NALCO. The remaining shares are held by over 66,000 shareholders including banks, financial institutions and individual shareholders.

Since inception, NALCO has paid Rs.4390.31 crore as dividend, including Rs.3816.30 crore as share of Government.