NALCO pays Rs. 84.22 crore dividend to GovernmentPosted by twaluminum on August 5th, 2015
The NALCO, a Navrathna public sector undertaking of Ministry of Mines, has paid 50 per cent dividend for the year 2008-09. Of the total 50 per cent dividend, interim at 35 per cent was paid earlier in February, 2009 and the balance final dividend at 15 per cent has been paid this month. Together, the dividend pay-out works out to Rs. 322.15 crore out of which the Government share is Rs. 280.74 crore. The Government of India holds 87.15 per cent equity in the Company. The balance amount of Rs. 41.41 crore is disbursed to other shareholders of the Company like banks, financial institutions and individual shareholders. NALCO's profits for the 2008-09 took a knock with the near collapse of metal prices after the global melt down. The profits reduced to Rs. 1,272 Crore from Rs. 1,632 crore earned in the previous year. The volumes of production and sale of its products remained almost at the same level as of previous year. The Company has ambitious plans of growth in aluminium sector and for diversification in other metal and power sector. Some of these growth projects are planned abroad. More info:6061 aluminum plate Like it? Share it!More by this author |