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Press Information Bureau
Government of India
Ministry of Mines
21-February-2011 18:14 IST
NALCO Presents Dividend Cheque to Mines Minister

The Navratna public sector, National Aluminium Company Limited (NALCO) handed over a dividend cheque of Rs. 112.29 crore here today to the Minister of Mines, Shri Dinsha J. Patel on the 87.15% shares (amounting to Rs. 561.50 crore) held by the Government of India.

The Cheque was handed over by the Chairman and Managing Director of NALCO Shri A.K. Srivastava in the presence of the Secretary, Ministry of Mines Shri S. Vijay Kumar and other senior officials of the Ministry of Mines.

The company has declared an interim dividend of 20%, i.e. Rs. 2 per share, amounting to Rs. 128.86 crore for the financial year 2010-11, on the paid up equity share capital of Rs. 644.31 crore.

NALCO, which started its commercial operations in 1987, has been consistently declaring dividends since 1992. For the year 2009-10, the company had declared a total dividend of 25% and had earned a net profit of Rs 814 crore. During the current financial year, the company has provisionally earned a net profit of Rs. 764 crore upto December 2010.

VBA/

Photograph available on PIB Website.