NALCO announces Rs 651 crore dividend

Since inception, NALCO has paid a total of Rs 6,687 crore as dividend

GN Bureau | September 27, 2017


#PSU   #NALCO   #dividend  

 National aluminium company limited (NALCO), a Navratna PSU, in its 36th annual general meeting has approved a total dividend payout of 56 percent.

 
The total payout, including dividend distribution tax, works out to Rs 651.40 crore. For the year, dividend payment, including dividend distribution tax works out to 97.44 percent of net profit. Since inception, NALCO has paid a total of Rs 6,687 crore as dividend, including Rs 5,632 crore as share of union government.
 
NALCO CMD Tapan Kumar Chand lauded the stakeholders for the enterprises’ success in sustaining production performance, along with productivity and profitability despite the downturn in the international metal market. 
 
“The year was also a testimony of NALCO being a partner in progress and an industry leader in promoting inclusive growth, sustainable development and nurturing happiness among people,” he said.
 
He said NALCO’s action plan includes, increasing the volume of production, expansion and modernisation of plants, import substitution and diversification of products.

Comments

 

Other News

Not just politics, let`s discuss policies too

Why public policy matters Most days, India`s loudest debates stop at the ballot box. We can name every major leader and recall every campaign slogan. Still, far fewer of us can explain why a widow`s pension is delayed or how a government school`s budget is actually approved. That

When algorithms decide and children die

The images have not left me, of dead and wounded children being carried in the arms of the medics and relatives to the ambulances and hospitals. On February 28, at the start of Operation Epic Fury, cruise missiles struck the Shajareh Tayyebeh school – officially named a girls’ school, in Minab,

The economics of representation: Why women in power matter

India’s democracy has grown in scale, but not quite in balance. Women today are active participants in elections, influencing outcomes in ways that were not as visible earlier. Yet their presence in legislative institutions continues to lag behind. The Nari Shakti Vandan Adhiniyam was meant to addres

India will be powerful, not aggressive: Bhaiyyaji

India is poised to emerge as a global power but will remain rooted in its civilisational ethos of non-aggression and harmony, former RSS General Secretary Suresh `Bhaiyyaji` Joshi has said.   He was speaking at the launch of “Rashtrabhav,” a book by Ravindra Sathe

AI: Code, Control, Conquer

India today stands at a critical juncture in the area of artificial intelligence. While the country is among the fastest adopters of AI in the world, it remains heavily reliant on technologies developed elsewhere. This paradox, experts warn, cannot persist if India seeks technological sovereignty.

RBI pauses to assess inflation risks, policy transmission

The Reserve Bank of India (RBI) has begun the new fiscal year with a calibrated pause, keeping the repo rate unchanged at 5.25 per cent in its April Monetary Policy Committee (MPC) meeting. The decision, taken unanimously, reflects a shift from aggressive policy action to cautious observation after a signi


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter