NALCO declares record 115% dividend for FY 2018-19

Aluminium major National Aluminium Company Limited (NALCO), a Navratna PSU under the Ministry of Mines, has declared a record 115 percent dividend payout amounting to Rs 1,072.73 crore. This marks an increase from 114 percent in 2017-18 to 115 percent in 2018-19, which works out to Rs 5.75 per equity share of Rs 5 each. This is the highest dividend payout declared by NALCO since the inception of the company in 1981.