Nalco declares the highest dividend pay of Rs 11.02 billion for 2017-18

Speaking on the sidelines of the 37th AGM, Tapan Kumar Chand, chairman & managing director, Nalco, attributed the success to team work, strong cost focus and strategic planning

National Aluminium Company (Nalco), a central public sector enterprise (CPSE) under Union mines ministry, has announced a dividend pay out of Rs 11.02 billion, its highest ever since inception.

The dividend works out to Rs 5.70 per equity share of Rs five each. The total payout, including Dividend Distribution Tax, works out to Rs 13.26 billion, as against Rs 6.51 billion in the last fiscal. The shareholders of Nalco approved the dividend payout in the 37th Annual General Meeting (AGM) held here on August 29.

For the year, dividend payment, including dividend distribution tax works out to 98.78 per cent