National Aluminum Company Limited handed over a dividend cheque of INR 112.29 crore to Mr Dinsha J Patel minister of mines on the 87.15% shares held by the Government of India.
The Cheque was handed over by Mr AK Srivastava CMD of NALCO in the presence of the Secretary, Ministry of Mines Mr S Vijay Kumar and other senior officials of the Ministry of Mines.
The company has declared an interim dividend of 20%, ie INR 2 per share amounting to INR 128.86 crore for the financial year 2010 to 2011 on the paid up equity share capital of INR 644.31 crore.
NALCO, which started its commercial operations in 1987 has been consistently declaring dividends since 1992. For the year 2009 to 2010 the company had declared a total dividend of 25% and had earned a net profit of INR 814 crore. During the current financial year, the company has provisionally earned a net profit of INR 764 crore up to December 2010.
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