Nalco to give 30% dividend of Rs 1.50 per share for FY14

Bhubaneswar: Public sector aluminium giant Nalco has approved a total dividend payout of 30 per cent amounting to Rs 387 crore for 2013-14.

The dividend was approved at the 33rd Annual General Meeting of the Navaratna PSU yesterday, Nalco Chairman-cum-Managing Director Ansuman Das said.

The shareholders of National Aluminium Company Ltd approved a total dividend payout of 30 per cent, which worked out to Rs 1.50 per share, he said.

The total pay-out was Rs 387 crore for 2013-14, the CMD said, adding that since its inception, Nalco had paid a total of Rs 4,906 crore as dividend, including Rs 4,234 crore as share of Government of India.

Das said after 33 years of operations, the company is now focusing to move forward through further expansions, diversifications, and thereby enhance sustainability coupled with stakeholders’ satisfaction.

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Peripheral Development and environment protection has been given additional thrust, he said.

PTI