Nalco announces Rs.451 crore dividend for 2014-15

Bhubaneswar, Sep 26 (IANS) Aluminium giant Nalco on Saturday announced a total dividend of Rs.451.02 crore for 2014-15.

The dividend was approved at its 34th annual general meeting held here on Saturday, said a company release.

It approved a total dividend payout of 35 percent, which works out to be Rs.1.75 per share. The total payout is Rs.451.02 crore for 2014-15 against Rs.387 crore for the previous year, said the statement.

Since its inception, Nalco has paid a total of Rs.5,356.76 crore as dividend, including Rs.4,598.99 crore as share of government of India, said the release.

“Our action plan includes increasing the volume of production, go for expansion and modernization of our plants and diversification of products,” said Nalco CMD T.K. Chand in his address.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here