National Aluminium Company’s (NALCO) proposal to set up the Rs 16,500 crore aluminium smelter and captive power plant project has been approved by Indonesian Investment Coordination Board (IICB). A non-binding memorandum of understanding to set up the project in East Kalimantan Province has been signed with Government of East Kalimantan.
Besides, NALCO has prepared the detailed feasibility report for the project. The land has been identified in East Kalimantan Province for the project. Further, the company has short-listed consultants for Environment Impact Assessment and Financial Advisory Services.
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%.
| Company Name | CMP |
|---|---|
| National Aluminium | 332.20 |
| Maan Aluminium | 125.80 |
| Arfin India | 92.57 |
| Manaksia Aluminium | 35.71 |
| PG Foils | 201.50 |
| View more.. | |
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