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NALCO Presents Dividend Cheque of Rs.252.67 cr to GOI
New Delhi, March 11, 2008
| National Aluminium Company Limited (NALCO)
has announced an interim dividend of 45% on a paid-up
capital of Rs. 644.31 crore, amounting to Rs. 289.94 crore
for the financial year 2007-08.
The dividend cheque for Rs. 252.67 crore on the 87.15%
shares held by the Government of India was handed over to
Sis Ram Ola, Union Minister of Mines, by C.R. Pradhan, CMD,
NALCO in New Delhi today, in the presence |
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of J.P. Singh, Secretary, Ministry of Mines, and
other senior officials of the Ministry and
NALCO.
The balance amount of Rs. 37.27 crores has been disbursed
to other shareholders of the Company like banks, financial
institutions and individual shareholders.
The Minister expressed happiness at the increasing profits
being incurred by NALCO. He announced that NALCO would soon
become a Navratna Company and thus ruled out any talks about
the investment of the Company. He stressed that NALCO would
remain a PSU and expressed hope that in the future would
continue to achieve increasing profits and pay richer
dividends to the Government.
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