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Nalco Pays highest Dividend of 115% for FY 2018-19

New Delhi, 27.10.2019 : National Aluminium Company Limited (NALCO), the Navratna PSU under the Ministry of Mines, Govt. of India has handed over two Cheques, totaling Rs. 557.80 crore, consisting of interim dividend of Rs.436.54 crore and final dividend amounting Rs.121.26 crore to Govt. of India, Ministry of Mines. The Cheques were presented to Shri Pralhad Joshi, Hon’ble Union Minister of Mines, Coal & Parliamentary Affairs, Govt. of India, by Dr. Tapan Kumar Chand, CMD, NALCO, in New Delhi, in the presence of Shri Anil Mukim, IAS, Secretary, Mines, Govt. of India, Dr. K. Rajeswara Rao, IAS, Additional Secretary, Ministry of Mines, Shri Anil Kumar Nayak, Joint Secretary, Ministry of Mines, Shri Sanjib Roy, Director (P&T) NALCO and other senior officials of the Ministry and the company.

It may be mentioned that NALCO had declared a total dividend amount of Rs.1072.73 crore (excluding Dividend Distribution Tax), i.e., 115% of the Paid up Capital for the financial year 2018-19. This includes the Govt. of India’s share of Rs. 557.80 crore. It may be noted that since inception, NALCO has paid a total of Rs.8539.61 crore as dividend, including Rs.6585.57 crore as share of Govt. of India.

About Ashok Palit

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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