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Our Bureau

Bhubaneswar, March 26

National Aluminium Company Ltd (NALCO) - India's leading manufacturer and exporter of alumina and aluminium - has paid Rs 84 crore as Government's share in second interim dividend of 15 per cent on a total paid-up capital of Rs 644.31 crore for the 2006-07 fiscal.

On behalf of Nalco, Mr C.R. Pradhan, CMD In-Charge, handed over the cheque to Mr Sis Ram Ola, Union Minister of Mines, in the presence of Mr J.P. Singh, Secretary, Ministry of Mines; Dr Pradeep Kumar, Special Secretary, Ministry of Mines; Mr B.L. Bagra, Director (Finance), Nalco; and other senior officials of the Ministry and the company in New Delhi on Monday.

Earlier, the company had paid an interim dividend of 35 per cent last month. Together, the pay out works out to Rs 322.15 crore as 50 per cent interim dividend, out of which the Government's share is Rs 281 crore. During 2004-05 and 2005-06, the company had paid 40 per cent and 50 per cent dividend, respectively, on the same paid-up capital, the company said in a statement.

More Stories on : Dividend Announcement | Aluminium | National Aluminium Co. Ltd

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