National Aluminium Company (NALCO), a state-owned aluminium firm, has paid an amount of Rs 202 crore as an interim dividend to government. The company has declared an interim dividend of 18%, i.e. Rs 0.90 per share of Rs 5 each, amounting to Rs 231.95 crore for the financial year 2011-12, on the paid-up equity share capital of Rs 1288.62 crore.
The Union Minister of State (Independent Charge), Ministry of Mines, was presented a National Electronic Clearing Service (NECS) advice amounting to Rs 202.14 crore as interim dividend on the 87.15% shares held by the Government of India, in New Delhi on March 28, 2012.
NALCO, which started its commercial operations in 1987 has been earning profits consistently and has been declaring dividends since 1992. Since its inception, the company has paid Rs 4171.25 crore as dividend including Rs 3637.16 crore to Government of India. In addition, the company had also repaid an amount of Rs 644.31 crore to its shareholders during 1999 by reducing the capital base by 50%.
