|
Public sector National Aluminium Company Limited (NALCO) under the Ministry of Mines has announced an interim dividend of 20 per cent amounting to Rs. 128.86 crore, out of which, it paid Rs.112.34 crore to the Government of India and balance to other shareholders. The Union Minister of Mines, Shri Sis Ram Ola today received the dividend cheque for Rs.112.34 crore from Shri C.R. Pradhan, acting CMD of NALCO in the presence of the Mines Secretary, Shri C.D. Arha and other senior officials of the ministry and the company.
The Minister praised NALCO for its continuous brilliant performance and said that the state own company's achievements negate the popular contention that only private enterprises excel in performance. He said the company has been getting excellent MoU performance consecutively for last five years for recording consistent performance in production and profitability. During the first three quarters of this financial year, it has reported record performance in all areas of operation.
NALCO has posted cumulative net profit of Rs.800.60 crore during the period April to December, 2004 compared to Rs.472.60 crore in the corresponding period of the previous year. The sales turnover during this period jumped to Rs.3125.50 crore from Rs.2248.08 crore in the corresponding period of the previous year. The company bagged a number of awards for its brilliant performance in production, exports, quality control and steps to check pollution and preserve the environment. It has excelled in all the technical parameters and at present, is the largest integrated aluminium complex of Asia.
DS/SCH
|
