Home » Aluminium » NALCO holds 38th Annual General Meeting

NALCO holds 38th Annual General Meeting

    NALCO announces record 115% dividend amounting to Rs.1072.73 crore for 2018-19 • Best Performance in a Decade with Rs.1,732 Crore Net profit, a growth of 29% over previous year

Continuing its bull run, National Aluminium Company Limited (NALCO), the Navratna PSU under Ministry of Mines, Govt. of India, has once again brought cheer in the stock market by declaring record dividend payout of Rs 1072.73 crore – an increase from 114% in 2017-18 to 115 % in 2018-19, which works out to Rs 5.75 per equity share of Rs 5 each. This is the highest dividend payout since the inception of the Company in 1981. The total dividend for the financial year 2018-19 works out to Rs.1072.73 crores as against Rs.1101.77 crores during the previous year.

Dividend including the applicable dividend distribution tax works out to a payout of 74.65% of the PAT against 98.81% of previous financial year. Till FY 2018-19, Rs. 32,886 crore towards taxes, duties, royalties, dividend etc. out of which Rs. 25,917 crore paid to Central Govt. and Rs. 6,969 crore paid to State Govt.

Speaking on the sidelines of the 38th AGM, Dr. Tapan Kumar Chand, CMD, NALCO, attributed the success to team work, strong cost focus and strategic planning. Dr. Chand said, “Year 2018-19 has been an extremely rewarding year for NALCO on all fronts. We have not only excelled in making production, profit, productivity and people engagement, we have also made exemplary contribution in promoting and putting focus on nature, nurture and future. Sustainability has now become a part of our key business processes, empathy and core of our CSR practices.”

About ppb

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

• Historic Moment for NALCO – Operationalization of all 960 Pots in Aluminium Smelter

National Aluminium Company Limited (NALCO), the Navratna CPSE, under Ministry of Mines, Govt. of India, ...

INDUSTRIAL CORRIDOR

Government of India has taken up implementation of various industrial corridor projects under National Industrial ...

Impressive back-to-back profits pushes NALCO’sNet Profit to Rs.1095cr at half-yearlymark, Net Profit of Q2 FY 21-22 jumps by 600% over Q2 of last year

National Aluminium Company Limited (NALCO) registered a handsome rise in net profit for Q2 FY ...

Union Mines Secretary Shri Alok Tandon, , inaugurates NALCO’s Lean Slurry Project at Angul

Shri Alok Tandon, ,Secretary, Ministry of Mines, Govt. of India, inaugurated NALCO’s Lean Slurry Project ...

NALCO’s Panchpatmali Bauxite Mine awarded Pollution Control Excellence Award 2021

NALCO’s Panchpatmali Bauxite Mine has been awarded the prestigious Pollution Control Excellence Award 2021 by ...

NALCO’s Net Profit at Rs.1300 crore, jumps by 840%

National Aluminium Company Limited (NALCO), the NavratnaCPSE, under the Ministry of Mines, GOI and India’s ...

NALCO stands in solidarity with people of Odisha in the fight against Covid : Extends support for operationalisation of Covid Healthcare facilities at Angul & Koraput

Moved by the second wave of the COVID pandemic, National Aluminium Company Limited (NALCO), a ...

NALCO to invest Rs.30,000 crores for expansion and business diversification: Union Mines Minister Shri Pralhad Joshi

It is indeed commendable that NALCO, which started with a modest investment way back in ...

NALCO registers net profit of Rs.107crore in 2ndQtr of FY21

Despite the challenging business environment, National Aluminium Company Limited (NALCO) registered a net profit ofRs. ...

NALCO clocks all time high production of bauxite and alumina amidst corona crisis

National Aluminium Company Limited (NALCO), the Navratna CPSE, under Ministry of Mines, Govt. of India ...

WP2Social Auto Publish Powered By : XYZScripts.com