New Delhi, Oct 30: State-run National Aluminium Company (NALCO) today paid a final dividend of Rs 168.45 crore to the government for the current year.
The dividend cheque was presented to Mines Minister Sis Ram Ola by NALCO CMD C R Pradhan here.
"NALCO is performing according to our expectations.Despite fall in alumina prices we will take measures to ensure its continued productivity," Ola said here.
The PSU has achieved the highest ever net profit of Rs 1562.20 crores as compared to Rs 1234.84 crore in the previous year besides a record sales turnover of Rs 5324.16 crore surpassing the previous high of Rs 4420.14 crore, according to a company release.
NALCO also earned a record foreign exchange of Rs 2306.20 crore against Rs 2200.35 crore in the previous year.
During 2005-06 the company achieved highest ever aluminium metal sale of 353,841 tonnes against 338,527 tonnes in the previous year.
The company which was incurring an expenditure of Rs 4091.51 crore for its ongoing second phase expansion programme is slated to increase its production capacity to Rs 4.6 lakh tonnes from the current 3.45 lakh tonnes after the completion of the programme, it said.
The government has 87.15 per cent shares in the PSU with a total paid up capital of Rs 644.31 crore.
豫公网安备41010502003434号